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 22.95% return on risk over the next 28 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 $1.40 would be kept by the premium seller. The risk of $6.10 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 at 63.59 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Market Is Giving Target Too Much Credit for a Sensible Strategy
Fri, 19 Jun 2015 11:00:00 GMT
Business Highlights
Thu, 18 Jun 2015 22:01:31 GMT
AP – ___ US employers showing confidence in economy Employers last month delivered a vote of confidence in the U.S. economy. They added 280,000 jobs — a surprisingly robust total at a time when consumers are …
Moody's Upgrades Three Classes and Affirms Two Classes of LBCMT 1998-C4
Thu, 18 Jun 2015 21:13:06 GMT
CVS Health Opens Digital Innovation Lab in Boston
Thu, 18 Jun 2015 21:13:03 GMT
noodls – BOSTON, June 18, 2015 /PRNewswire/ — CVS Health (NYSE: CVS) today announced the official opening of its Digital Innovation Lab in Boston, a facility that is focused on developing cutting-edge digital …
Target CEO hits the bull's-eye: Bill George
Thu, 18 Jun 2015 18:44:24 GMT
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