CVS Offering Possible 13.64% Return Over the Next 29 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 13.64% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for CVS 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 CVS is bullish.

The RSI indicator is at 67.76 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 CVS

Will Walgreen Follow CVS' Anti-Tobacco Move?
Sun, 23 Feb 2014 16:02:04 GMT

Final Glance: Drugstore companies
Fri, 21 Feb 2014 23:06:27 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.33 or .5 percent, to $66.44. Rite Aid rose $.10 or 1.8 percent, to $5.70. Walgreen rose $1.74 or 2.9 percent, …

Midday Glance: Drugstore companies
Fri, 21 Feb 2014 20:42:58 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.41 or .6 percent, to $66.52. Rite Aid rose $.08 or 1.3 percent, to $5.68. Walgreen rose $.32 or .5 percent, to $59.54.

Private equity's new target play: Sex toys
Fri, 21 Feb 2014 18:48:44 GMT

Early Glance: Drugstore companies
Fri, 21 Feb 2014 15:29:34 GMT
AP – Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.66 or 1.0 percent, to $66.77. Rite Aid rose $.05 or .9 percent, to $5.65. Walgreen rose $.81 or 1.4 percent, to $60.03.

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