CVS Offering Possible 13.12% 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 $60.00 short put and a strike $55.00 long put offers a potential 13.12% 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 $60.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $55.00 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 77.46 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

Final Glance: Drugstore companies
Fri, 25 Oct 2013 22:04:07 GMT
AP – Shares of some top drugstore companies were down at the close of trading: CVSCaremark fell $.66 or 1.1 percent, to $61.41. Rite Aid fell $.10 or 1.9 percent, to $5.12. Walgreen fell $.06 or .1 percent, …

Midday Glance: Drugstore companies
Fri, 25 Oct 2013 17:33:16 GMT
AP – Shares of some top drugstore companies are down at 1 p.m.: CVSCaremark fell $.86 or 1.4 percent, to $61.21. Rite Aid fell $.11 or 2.1 percent, to $5.11. Walgreen fell $.28 or .5 percent, to $58.97.

CVS Caremark Corporation To Hold Third Quarter 2013 Conference Call
Fri, 25 Oct 2013 16:00:00 GMT
PR Newswire – WOONSOCKET, R.I., Oct. 25, 2013 /PRNewswire/ — CVS Caremark Corporation (NYSE: CVS) will be holding a conference call on Tuesday, November 5, 2013, at 8:30 a.m. (EST) with analysts and investors to discuss …

Early Glance: Drugstore companies
Fri, 25 Oct 2013 14:46:23 GMT
AP – Shares of some top drugstore companies are down at 10 a.m.: CVSCaremark fell $.80 or 1.3 percent, to $61.28. Rite Aid fell $.04 or .8 percent, to $5.18. Walgreen fell $.20 or .3 percent, to $59.05.

Hostages freed, gunman surrenders in North Carolina robbery attempt
Fri, 25 Oct 2013 11:49:38 GMT
Reuters – A gunman trying to rob a drugstore in Belmont, North Carolina, near Charlotte, fired shots at police and held several hostages for more than two hours early Friday before surrendering, police said. A police …

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