Quest Diagnostics Offering Possible -0.5% Return Over the Next 9 Calendar Days

Quest Diagnostics's most recent trend suggests a bullish bias. One trading opportunity on Quest Diagnostics is a Bull Put Spread using a strike $60.00 short put and a strike $50.00 long put offers a potential -0.5% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $-0.05 would be kept by the premium seller. The risk of $10.05 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Quest Diagnostics 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 up which suggests that the medium-term momentum for Quest Diagnostics is bullish.

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 Quest Diagnostics

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Thu, 31 Oct 2013 13:59:59 GMT

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Wed, 30 Oct 2013 17:04:10 GMT

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Thu, 24 Oct 2013 20:24:42 GMT

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