Covidien (COV) Offering Possible 7.53% Return Over the Next 22 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 7.53% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $82.50 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 51.14 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

Spectranetics to Acquire Stellarex™ Drug Coated Balloon Assets From Covidien
Mon, 03 Nov 2014 01:08:18 GMT
noodls – Conference Call Monday at 8:30 a.m. ET Expands Spectranetics' portfolio of solutions to treat complex vascular conditions in projected $700 million drug coated balloon segment COLORADO SPRINGS, Colo., …

Spectranetics to Acquire Stellarex(TM) Drug Coated Balloon Assets From Covidien
Mon, 03 Nov 2014 00:54:22 GMT
noodls – Conference Call Monday at 8:30 a.m. ET Expands Spectranetics' portfolio of solutions to treat complex vascular conditions in projected $700 million drug coated balloon segment COLORADO SPRINGS, Colo., …

Spectranetics to Acquire Stellarex(TM) Drug Coated Balloon Assets From Covidien
Mon, 03 Nov 2014 00:00:00 GMT
GlobeNewswire – Conference Call Monday at 8:30 a.m. ET Expands Spectranetics' portfolio of solutions to treat complex vascular conditions in projected $700 million drug coated balloon segment

COVIDIEN PLC Files SEC form 8-K, Other Events
Thu, 30 Oct 2014 10:03:15 GMT

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 …

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