Covidien (COV) Offering Possible 5.26% Return Over the Next 40 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 5.26% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $95.00 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 62.36 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 PLC Files SEC form 8-K, Other Events
Mon, 12 Jan 2015 15:04:57 GMT

Covidien’s Stellarex™ Drug-Coated Angioplasty Balloon Receives CE Mark to Treat Peripheral Arterial Disease Patients
Thu, 08 Jan 2015 21:12:38 GMT
noodls – Stellarex™DCB featuring EnduraCoat™ technology designed to restore blood flow and prevent formation of new blockages DUBLIN, Ireland–(BUSINESS WIRE)–Jan. 8, 2015– Covidien plc (NYSE:COV) today announced …

Covidien’s Stellarex™ Drug-Coated Angioplasty Balloon Receives CE Mark to Treat Peripheral Arterial Disease Patients
Thu, 08 Jan 2015 21:05:00 GMT

Covidien’s Stellarex™ Drug-Coated Angioplasty Balloon Receives CE Mark to Treat Peripheral Arterial Disease Patients
Thu, 08 Jan 2015 21:05:00 GMT
Business Wire – Covidien plc today announced it has received CE Mark approval for its Stellarex™ drug-coated angioplasty balloon . The Stellarex™ DCB is used to restore and maintai

Announcement under Irish Takeover Rules Relevant Securities in Issue – January 8, 2015
Thu, 08 Jan 2015 13:27:37 GMT
noodls – Announcement under Irish Takeover Rules Relevant Securities in Issue – January 8, 2015 DUBLIN, Ireland–(BUSINESS WIRE)–Jan. 8, 2015– In accordance with Rule 2.10 of the Irish Takeover Rules, Covidien …

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