CVS (CVS) Offering Possible 8.93% Return Over the Next 23 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $70.50 short put and a strike $65.50 long put offers a potential 8.93% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $65.50 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 74.29 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

[$$] CVS Exploits PBM Role, and Taxpayers Pay
Mon, 25 Jun 2018 23:55:06 +0000
Recently, CVS accused the Journal (Letters, June 8) of mischaracterizing its pharmacy benefit manager (PBM) operation. Thomas Moriarty is right to contend that the PBM’s role “is to negotiate the best price possible for patients and clients,” but wrong to pretend that large PBMs are accomplishing that mission. In Kentucky, lawmakers discovered that PBMs, including CVS, pocket over 40% of the state’s annual Medicaid spending on prescription drugs.

Dow Finally Breaks Losing Skid to End Rough Week
Mon, 25 Jun 2018 13:15:01 +0000
Dow Finally Breaks Losing Skid to End Rough Week

See what the IHS Markit Score report has to say about CVS Health Corp.
Mon, 25 Jun 2018 12:01:05 +0000
CVS Health Corp NYSE:CVS

CVS Pharmacies Now Delivers Prescriptions Nationwide
Fri, 22 Jun 2018 21:55:23 +0000
Same or next-day delivery is available at the pharmacy chain's 9,800 U.S. locations.

2 Incredibly Cheap Value Stocks to Buy Now
Fri, 22 Jun 2018 11:00:00 +0000
CVS Healthcare Corporation and Celgene Corporation have fallen on hard times, but their stocks are now too cheap to ignore.

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