CVS (CVS) Offering Possible 35.14% Return Over the Next 21 Calendar Days

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 35.14% return on risk over the next 21 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 $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $109.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for CVS is bearish and the probability of a decline 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 27.77 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

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Wed, 23 Feb 2022 20:22:51 +0000
In this article, we discuss the 10 stocks to consider in the portfolio of Kim Schrier. If you want to skip our detailed analysis of these stocks, go directly to Kim Schrier Stock Portfolio: 5 Stocks To Consider. Kim Schrier is a physician and politician born in California. She is presently a member of the […]

CVS Makes a Bold Play to Grow Its Business
Wed, 23 Feb 2022 18:03:00 +0000
CVS Health wants to be more than a place where you pick up your prescription while maybe buying a candy bar or a soda as you do it. The company has recast its pharmacies as community health centers, adding Minute Clinics that can handle non-urgent healthcare needs and testing concepts including healthcare concierges to help customers navigate a challenging landscape.

Aetna Better Health Selected to Continue Serving Louisiana Medicaid Program
Tue, 22 Feb 2022 20:57:00 +0000
Aetna Better Health of Louisiana, a CVS Health company (NYSE: CVS), today announced that the Louisiana Department of Health intends to award the company a new statewide Medicaid contract through the Louisiana Medicaid Managed Care Program.

CVS Pharmacy Develops Innovative, Modern Line of Home Health Care Products
Tue, 22 Feb 2022 13:00:00 +0000
CVS Pharmacy, the retail division of CVS Health (NYSE: CVS) today announced the launch of six new innovative home health care products as an extension of the company's exclusive CVS Health product line. Rooted in customer insights and specifically designed to meet the needs of the aging, caregivers and those living with disabilities, these bathroom safety and mobility products merge function and design. The products were developed in collaboration with Michael Graves Design, pioneers of the Desi

CVS Health to Present at the Barclays Global Healthcare Conference
Mon, 21 Feb 2022 17:00:00 +0000
CVS Health (NYSE: CVS) today announced that Executive Vice President and Chief Financial Officer Shawn Guertin will participate in a fireside chat with investors at the Barclays Global Healthcare Conference on March 15, 2022, at approximately 8:00 am ET.

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