WellPoint (WLP) Offering Possible 23.46% Return Over the Next 33 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 23.46% 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 $92.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $87.50 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 78.46 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

Obamacare Shuffles Health Plan Market Share, Report Finds
Mon, 17 Mar 2014 21:28:53 GMT
Bloomberg – A snapshot of Obamacare enrollment in seven states suggests the law hasn’t significantly increased competition in health insurance markets, the Kaiser Family Foundation reported. In California , for example, four big insurers have largely carved up the state’s market. The divide is more equitable than before the Patient Protection and Affordable Care Act as California’s insurance market is now “moderately concentrated” instead of “highly concentrated,” according to a measure of market share called the Herfindahl-Hirschman Index, said researchers at Kaiser, a Menlo Park, California-based nonprofit that focuses on health care. “There are some examples of smaller or newer plans being able to get a sizable piece of the market in the exchanges, but by and large a lot of the players in the exchanges that are the biggest were the biggest before as well,” Cynthia Cox, a senior analyst at Kaiser, said in a phone interview.

Obamacare's Upside Surprise: Off Exchange Sign Ups Boost Enrollment Trends
Mon, 17 Mar 2014 12:39:00 GMT

The Best Stocks for Obamacare's Medicaid Surge
Sun, 16 Mar 2014 15:02:03 GMT

Millions May Avoid Obamacare Penalty as Deadline Looms
Fri, 14 Mar 2014 17:21:18 GMT

WellPoint Announces Webcast of Its Conference with Investment Community
Thu, 13 Mar 2014 22:01:54 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Mar. 13, 2014– WellPoint, Inc. (NYSE: WLP) announced today that it will conduct a live webcast of its Investor Conference on Friday, March 21, 2014. The meeting will be …

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