CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 12.95% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $6.64 would be incurred if the stock dropped below the $97.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for CVS 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 CVS is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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 CVS
Same-Sex Marriage Decision Eases Data Burden for Companies
Fri, 26 Jun 2015 21:33:19 GMT
Business events scheduled for the coming month
Fri, 26 Jun 2015 10:27:22 GMT
Business events scheduled for the coming month
Fri, 26 Jun 2015 10:27:22 GMT
Key Target merchandising exec steps aside
Thu, 25 Jun 2015 20:13:21 GMT
Key Target merchandising exec steps aside
Thu, 25 Jun 2015 20:13:21 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook