CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 34.41% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock rose above the $109.00 long call 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 down which suggests that the medium-term momentum for CVS is bearish.
The RSI indicator is at 34.81 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
Ultimate Stock-Pickers' Top 10 Buys and Sells
Tue, 01 Sep 2015 11:00:00 GMT
Oppenheimer's 10 Stocks to ‘Buy on Weakness'
Mon, 31 Aug 2015 18:51:00 GMT
CVS Health Inks Deals to Boost Digital Healthcare Prospects
Mon, 31 Aug 2015 18:35:06 GMT
Yes, Another List of 10 Stocks to Buy on Weakness
Mon, 31 Aug 2015 14:26:00 GMT
Jim Cramer’s 7 Lessons From the Stock Market’s Monumental Week
Sat, 29 Aug 2015 14:32:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook