CVS (CVS) Offering Possible 5.04% Return Over the Next 8 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $76.00 short put and a strike $71.00 long put offers a potential 5.04% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $76.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $71.00 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 51.21 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

Steven Romick's Top Five Stocks
Fri, 11 Jul 2014 23:03:52 GMT

Midday Glance: Drugstore companies
Fri, 11 Jul 2014 17:38:10 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.

Early Glance: Drugstore companies
Fri, 11 Jul 2014 14:30:36 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.

Obama, corporate giants announce plan to boost suppliers
Fri, 11 Jul 2014 10:00:00 GMT
Reuters – President Barack Obama is enlisting several major U.S. and multinational companies to draw attention to an initiative aimed at helping small businesses expand and hire workers. The president will meet on Friday with representatives of household name firms such as Apple, AT&T, Coca Cola and Johnson & Johnson to spotlight the corporate giants' pledge to pay their smaller suppliers within 15 days. For the larger companies, the initiative ensures that their own suppliers are robust and “demonstrates a recognition that a healthy supply chain is good for business,” the White House said in a statement. Frustrated by a legislative stalemate with the Republican-led House of Representatives, Obama has vowed to act unilaterally when he can to achieve his agenda, and the announcement Friday is typical of the sorts of modest initiatives the White House has unveiled.

Why You Should Consider CVS Instead Of Walgreen
Thu, 10 Jul 2014 18:58:35 GMT

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