Covidien Offering Possible 7.53% Return Over the Next 32 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 7.53% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 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 $60.00 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 66.98 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

Valuation In The Endovascular Aneurysm Repair Space
Tue, 19 Nov 2013 19:09:22 GMT
Seeking Alpha – Industry boundaries are imaginary lines arbitrarily drawn along technologies, markets and target customer lines to aid analysis needs of planners and strategists operating within the defined industry segment….

First Week of July 2014 Options Trading For Covidien (COV)
Tue, 19 Nov 2013 15:46:00 GMT

A Health Care Stock Set to Prosper In Emerging Markets
Thu, 14 Nov 2013 22:27:57 GMT
Motley Fool – Forget about austerity measures holding back health care spending, and see how Covidien could be an interesting emerging market health care play.

Covidien to Present at Jefferies 2013 Global Healthcare Conference
Thu, 14 Nov 2013 12:15:17 GMT
noodls – MANSFIELD, Mass.–(BUSINESS WIRE)–Nov. 14, 2013– Covidien (NYSE: COV), a leading global provider of healthcare products, will present at the Jefferies 2013 Global Healthcare Conference in London on November …

Covidien to Present at Jefferies 2013 Global Healthcare Conference
Thu, 14 Nov 2013 12:00:00 GMT

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