Covidien (COV) Offering Possible 8.7% Return Over the Next 30 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 8.7% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $90.00 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 73.56 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

2:37 am Covidien achieves CE Mark for the Nellcor Bedside SpO2 patient monitoring system, PM100N
Thu, 20 Nov 2014 07:37:00 GMT

Covidien Achieves CE Mark for the Nellcor™ Bedside SpO2 Patient Monitoring System, PM100N
Thu, 20 Nov 2014 05:07:11 GMT
noodls – New device is the only commercially available bedside monitor designed for home care and sleep study settings DUBLIN, Ireland–(BUSINESS WIRE)–Nov. 20, 2014– Covidien (NYSE: COV) today announced CE Mark …

Covidien Achieves CE Mark for the Nellcor™ Bedside SpO2 Patient Monitoring System, PM100N
Thu, 20 Nov 2014 05:01:00 GMT
Business Wire – Covidien today announced CE Mark approval for its Nellcor™ Bedside SpO2 Patient Monitoring System, PM100N. The system currently is available in the European Economic Area , Australia and New Zealand.

Mallinckrodt Earnings Beat But No New Guidance
Wed, 19 Nov 2014 16:42:00 GMT

Announcement under Irish Takeover Rules Relevant Securities in Issue – November 19, 2014
Wed, 19 Nov 2014 14:46:49 GMT
noodls – Announcement under Irish Takeover Rules Relevant Securities in Issue – November 19, 2014 DUBLIN, Ireland–(BUSINESS WIRE)–Nov. 19, 2014– In accordance with Rule 2.10 of the Irish Takeover Rules, Covidien …

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