Covidien Offering Possible 9.89% Return Over the Next 33 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 9.89% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Covidien is bullish and the probability of a rise 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 Covidien is bullish.

The RSI indicator is at 62.93 level which suggests that the stock is neither overbought nor oversold at this time.

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 Covidien

A Health Care Stock Set to Prosper In Emerging Markets
Thu, 14 Nov 2013 22:27:57 GMT
Motley Fool – Forget about austerity measures holding back health care spending, and see how Covidien could be an interesting emerging market health care play.

Covidien to Present at Jefferies 2013 Global Healthcare Conference
Thu, 14 Nov 2013 12:15:17 GMT
noodls – MANSFIELD, Mass.–(BUSINESS WIRE)–Nov. 14, 2013– Covidien (NYSE: COV), a leading global provider of healthcare products, will present at the Jefferies 2013 Global Healthcare Conference in London on November …

Covidien to Present at Jefferies 2013 Global Healthcare Conference
Thu, 14 Nov 2013 12:00:00 GMT

Covidien to Present at Jefferies 2013 Global Healthcare Conference
Thu, 14 Nov 2013 12:00:00 GMT
Business Wire – Covidien , a leading global provider of healthcare products, will present at the Jefferies 2013 Global Healthcare Conference in London on November 21, 2013. Coleman N. L

Covidien Launches Response Effort in Support of Areas Impacted by Typhoon in the Philippines
Mon, 11 Nov 2013 22:15:16 GMT
noodls – Company to provide $50,000 in cash and product donations to aid in relief efforts MANSFIELD, Mass.–(BUSINESS WIRE)–Nov. 11, 2013– Covidien (NYSE: COV), a leading global supplier of healthcare products, …

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