CVS (CVS) Offering Possible 29.53% Return Over the Next 21 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 29.53% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock dropped below the $60.00 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 68.85 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for CVS

UPS' new 'drone airline' subsidiary flies forward with first big-name customers
Wed, 23 Oct 2019 17:08:05 +0000
UPS said it's built on the company's industry-first, hospital network-focused drone delivery program by signing new customers.

CVS Health Corporation To Hold Third Quarter 2019 Conference Call
Wed, 23 Oct 2019 16:00:00 +0000
WOONSOCKET, R.I., Oct. 23, 2019 /PRNewswire/ — CVS Health Corporation (CVS) will hold a conference call with analysts and investors on Wednesday, November 6, 2019, at 8:00 a.m. (ET) to discuss its financial results for the third quarter of 2019. An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. CVS Health is the nation's premier health innovation company helping people on their path to better health.

Medicare Star Ratings show 3 out of 4 Aetna Medicare Advantage members enrolled in a 4.5 Star-rated plan or higher
Tue, 22 Oct 2019 12:30:00 +0000
Commitment to quality leads to improved member health outcomes and helps Aetna earn its first 5-star plan and highest overall weighted average rating among national health insurers* HARTFORD, Conn. , Oct. …

Michaels gives interim CEO the permanent job
Tue, 22 Oct 2019 12:04:00 +0000
The Michaels Companies Inc. said Tuesday that it had tapped its interim chief executive to take on that role permanently. Mark Cosby had been serving in the interim chief executive position since February 2019 and had stints at Office Depot Inc. , CVS Health Corp.'s Caremark, and Macy's Inc. prior to joining the crafts retailer. "The search committee conducted an exhaustive evaluation of many outstanding candidates and unanimously concluded that Mark brings the right strategic vision and operating skill to lead Michaels into a new chapter," Chairman James Quella said in a release. Michaels shares were inactive in premarket trading. The stock has tumbled 27% so far this year, while the S&P 500 has gained 20%.

Walgreens Stock: What to Expect from Its Q4 Earnings
Tue, 22 Oct 2019 11:39:45 +0000
Walgreens is scheduled to report its fourth-quarter earnings before the markets open on October 28. We expected a limited downside in Walgreens stock.

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