CVS (CVS) Offering Possible 5.93% Return Over the Next 22 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $67.50 short put and a strike $60.00 long put offers a potential 5.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $7.08 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 22.69 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

Albertsons Might Be Buying a Lemon in Rite Aid
Tue, 20 Feb 2018 22:54:39 +0000
The drugstore is a shadow of its former self

Amazon has quietly launched an exclusive line of over-the-counter health products
Tue, 20 Feb 2018 20:14:00 +0000
The products could spark a price war and put pressure on other store-brand profit margins.

Eyeing Amazon, Albertsons to Purchase Rite Aid
Tue, 20 Feb 2018 14:31:00 +0000
Albertson and Rite Aid are inking a deal in an effort to push back the likes of Amazon and Walmart.

Fast Company Recognizes CVS Health on 2018 World's Most Innovative Companies List
Tue, 20 Feb 2018 14:09:00 +0000
WOONSOCKET, R.I., Feb. 20, 2018 /PRNewswire/ — CVS Health (CVS), the nation's largest pharmacy innovation company, was recognized today by Fast Company as one of the World's 50 Most Innovative Companies List for 2018.

See what the IHS Markit Score report has to say about CVS Health Corp.
Tue, 20 Feb 2018 13:00:38 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Healthcare sector is rising.

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