CVS (CVS) Offering Possible 35.87% Return Over the Next 23 Calendar Days

CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $93.00 short call and a strike $98.00 long call offers a potential 35.87% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $93.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $98.00 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 26.33 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

Amgen Gained as CVS Sealed the Deal to Sell Repatha
Tue, 24 Nov 2015 21:53:32 GMT

Amgen's Repatha Gets Preferred Position on CVS Formularies
Tue, 24 Nov 2015 18:40:06 GMT

CVS' Amgen Pick ‘Raises The Bar' For Regeneron, Sanofi
Mon, 23 Nov 2015 21:06:00 GMT

Amgen (AMGN) Stock Rises on CVS Health Partnership
Mon, 23 Nov 2015 18:22:00 GMT

Uh Oh, CVS Prefers Amgen's Cholesterol Drug to Regeneron's
Mon, 23 Nov 2015 16:33:00 GMT

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