CVS (CVS) Offering Possible 13.9% Return Over the Next 11 Calendar Days

CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $97.00 short call and a strike $102.00 long call offers a potential 13.9% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock rose above the $102.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for CVS is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for CVS is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for CVS

CVS Health Receives Two Distinguished Awards from CIO for Excellence and Leadership in Information Technology
Fri, 03 Jun 2016 18:15:03 GMT
noodls – CVS Health Recognized as a CIO 100 Award Winner Company's CIO Stephen J. Gold Named to CIO Hall of Fame WOONSOCKET, R.I., June 1, 2016 – CVS Health, the nation's leading pharmacy innovation company, today …

CVS Health Offering Measles Vaccine to Residents in Arizona's Maricopa and Pinal Counties
Fri, 03 Jun 2016 18:07:00 GMT
PR Newswire – WOONSOCKET, R.I., June 3, 2016 /PRNewswire/ — As Arizona public health officials work to stop the spread of a measles outbreak, CVS Health (CVS) is offering measles-mumps-rubella (MMR) vaccine to people living in Maricopa and Pinal Counties, the areas exposed to confirmed cases of the illness. Both CVS Pharmacy stores and MinuteClinic walk-in medical clinics in the area have vaccines available to protect patients against measles. Measles is a highly contagious disease that spreads through the air when an infected person coughs or sneezes.

Heroin, painkiller overdose antidote getting easier to buy
Fri, 03 Jun 2016 15:38:21 GMT

CVS HEALTH CORP Files SEC form 8-K, Other Events
Thu, 02 Jun 2016 20:38:34 GMT

Moody's Upgrades Two Classes and Affirms Three Classes of LBCMT 1998-C4
Thu, 02 Jun 2016 17:35:10 GMT

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