CVS (CVS) Offering Possible 20.19% Return Over the Next 22 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $88.00 short put and a strike $83.00 long put offers a potential 20.19% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $88.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $83.00 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 71.5 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

Earnings Roundup: Chegg, CVS Health, and iRobot
Tue, 25 May 2021 18:29:00 +0000
CVS Health (NYSE: CVS) hits a two-year high after first-quarter profits and revenue are higher than expected. In this episode of MarketFoolery, Motley Fool analyst Asit Sharma, with host Chris Hill, analyzes those stories and weighs in on the latest results from online education company Chegg (NYSE: CHGG). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.

Is CVS Health Still a Buy?
Tue, 25 May 2021 16:53:59 +0000
A look at the company's most recent quarter and potential returns following a massive rally

Amazon and Facebook as defensive plays? Yes, along with these other stocks that are cash-flow winners
Tue, 25 May 2021 15:00:00 +0000
Among the largest U.S. companies, Amazon and Facebook have grown their cash flow rapidly, which helps investors play it safe.

CVS Health (CVS) Launches Clinical Trial Services Business
Tue, 25 May 2021 13:39:01 +0000
The latest clinical trial experience from CVS Health (CVS) is expected to overcome multiple challenges posed by its current clinical trial model.

Top 10 Health Insurance Stocks to Buy
Mon, 24 May 2021 21:37:43 +0000
In this article we will take a look at the top 10 health insurance stocks to buy. You can skip our detailed analysis of these companies and go directly to the Top 5 Health Insurance Stocks to Buy. The global health insurance market has been given a boost by the COVID-19 pandemic as online sales […]

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