CVS (CVS) Offering Possible 13.38% Return Over the Next 23 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $84.00 short put and a strike $79.00 long put offers a potential 13.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $79.00 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 at 63.29 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 CVS

Market Thorns, Roses, All Time Highs, and ETF All Time Highs…
Thu, 30 Oct 2014 21:21:26 GMT

Company News: Facebook, Twitter, Fiat, AT&T, Rite Aid, CVS, Apple, Regal Entertainment, AMC Entertainment
Thu, 30 Oct 2014 20:50:35 GMT

CVS exec: Ending tobacco sales the right thing
Thu, 30 Oct 2014 19:48:46 GMT

CVS exec: Ending tobacco sales the right thing
Thu, 30 Oct 2014 19:48:42 GMT

Midday Glance: Drugstore companies
Thu, 30 Oct 2014 17:17:24 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.41 or .6 percent, to $66.52. Rite Aid rose $.08 or 1.3 percent, to $5.68. Walgreen rose $.32 or .5 percent, to $59.54.

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