WellPoint Offering Possible 11.11% Return Over the Next 25 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 11.11% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $80.00 long put strike price.

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

The RSI indicator is at 65.19 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

3 Stocks Pulling The Health Services Industry Downward
Tue, 25 Feb 2014 17:02:00 GMT

Midday movers: EBay, Pfizer, Dillard's & More
Mon, 24 Feb 2014 17:53:24 GMT

WellPoint (WLP) Marked As A Barbarian At The Gate
Mon, 24 Feb 2014 17:35:00 GMT

Humana Leads Insurer Gains on Proposed Medicare Payments
Mon, 24 Feb 2014 16:57:32 GMT
Bloomberg – Humana Inc. (HUM) led insurance stocks higher after proposed government cuts to the Medicare Advantage program were less than previously expected. Humana, the second-largest Medicare Advantage insurer, jumped 8.3 percent to $111.16 at 11:49 a.m. New York time after rising to $111.44, its highest intraday price since at least 1980. Health insurers who run Medicare Advantage, the private version of the goverment’s managed-care program for the elderly and disabled, face a base payment cut of about 3.55 percent next year, the U.S. government said on Feb. 21. Humana today estimated the final reduction will be 3.5 percent to 4 percent, a smaller decline than the Louisville, Kentucky-based company’s previous estimate of 6 to 7 percent.

Medicare Advantage proposals lower than expected, says FBR Capital
Mon, 24 Feb 2014 10:51:27 GMT

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