CVS (CVS) Offering Possible 17.12% Return Over the Next 14 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $64.00 short put and a strike $57.50 long put offers a potential 17.12% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $64.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $5.55 would be incurred if the stock dropped below the $57.50 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 at 25.17 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

CVS Health (CVS) Gains But Lags Market: What You Should Know
Mon, 31 Dec 2018 22:45:10 +0000
CVS Health (CVS) closed the most recent trading day at $65.53, moving +0.52% from the previous trading session.

CVS Health to Present at the 37th Annual J.P. Morgan Healthcare Conference
Mon, 31 Dec 2018 18:00:00 +0000
WOONSOCKET, R.I. , Dec. 31, 2018 /PRNewswire/ — CVS Health Corporation (NYSE: CVS) today announced that Larry Merlo , the company's president and chief executive officer, will be speaking to investors …

Looking Ahead: Health industry to see new jobs, facilities in 2019
Fri, 28 Dec 2018 22:36:46 +0000
Between large recruitment efforts, new medical centers and efforts to achieve universal health care, here's what to look for in health care in 2019.

Year In Review Part II: Stories That Got Away
Fri, 28 Dec 2018 16:20:00 +0000
Ringing in the new year, we look back at how 2018 treated energy, financials, healthcare, and tech.

New ban on smoking, tobacco sales signed by Poloncarz
Fri, 28 Dec 2018 16:10:13 +0000
A new ban on smoking was signed into law Friday by Erie County Executive Mark Poloncarz. The ban is part of the county’s Public Health Protection Act. Under the ban: Smoking is prohibited in any vehicle in which a person under 18 years old is riding as well as in or near Niagara Frontier Transportation Authority bus shelters and public areas Pharmacies cannot sell or market tobacco or nicotine products The act was approved earlier this month by Erie County Legislature.

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