Covidien (COV) Offering Possible 11.11% Return Over the Next 25 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien 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 Covidien 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 Covidien is bullish.

The RSI indicator is at 41.09 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 Covidien

Covidien Launches First and Only Articulating Reloadable Absorbable Fixation Device for Minimally-Invasive Hernia Repair
Tue, 28 Oct 2014 11:41:09 GMT
noodls – ReliaTack™ device delivers superior access, stronger fixation and lower cost of care for minimally invasive hernia repair DUBLIN, Ireland–(BUSINESS WIRE)–Oct. 28, 2014– Covidien plc (NYSE:COV) today …

Covidien Launches First and Only Articulating Reloadable Absorbable Fixation Device for Minimally-Invasive Hernia Repair
Tue, 28 Oct 2014 11:35:00 GMT
Business Wire – Covidien plc today announced the launch of ReliaTack™ articulating reloadable fixation device, the first and only of its kind for laparoscopic herni

Unexpected Obamacare boost
Mon, 27 Oct 2014 18:41:00 GMT

Covidien Launches Next-Generation SuperDimension™ Lung Navigation Software to Simplify Planning, Enhance Visualization During a Procedure
Mon, 27 Oct 2014 12:04:10 GMT
noodls – Company Delivers Latest Innovation Focused on Aiding in Diagnosis of Lung Cancer DUBLIN–(BUSINESS WIRE)–Oct. 27, 2014– Further underscoring its ongoing commitment to lung health, Covidien (NYSE:COV) …

Covidien Launches Next-Generation SuperDimension™ Lung Navigation Software to Simplify Planning, Enhance Visualization During a Procedure
Mon, 27 Oct 2014 12:00:00 GMT
Business Wire – Further underscoring its ongoing commitment to lung health, Covidien today unveiled a next-generation version of its superDimension™ Navigation System software. The upda

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