WellPoint's most recent trend suggests a bearish bias. One trading opportunity on WellPoint is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 19.33% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock rose above the $95.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for WellPoint 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 WellPoint is bearish.
The RSI indicator is at 20.33 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 WellPoint
The next stage in implementing Obamacare — the media blitz
Tue, 17 Dec 2013 22:03:00 GMT
Health insurers increase advertising, WSJ reports
Mon, 16 Dec 2013 12:19:21 GMT
3 Warning Signs from Obamacare's First 2 Months
Sat, 14 Dec 2013 14:31:59 GMT
Tennessee slated to announce Medicaid deals on Monday
Fri, 13 Dec 2013 15:59:44 GMT
theflyonthewall.com – Tennessee slated to announce Medicaid deals on Monday
WellPoint Offers Seniors Tips for Dealing with Holiday Depression
Wed, 11 Dec 2013 17:09:00 GMT
Business Wire – Some people think sadness is a natural part of aging. After all, as people get older, they are more likely to have health issues or lose loved ones. The holiday season can sometimes make this grief even more acute.
Related Posts
Also on Market Tamer…
Follow Us on Facebook