CVS Offering Possible 18.48% Return Over the Next 31 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 18.48% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 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 77.05 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
Wed, 20 Nov 2013 23:27:02 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.20 or .3 percent, to $65.42. Rite Aid rose $.03 or .6 percent, to $5.10. Walgreen rose $.81 or 1.4 percent, to …

16 Stocks That Outperform Market Fundamentally With Lower Beta
Wed, 20 Nov 2013 20:04:30 GMT
Seeking Alpha – Investors are increasingly worried about lack of revenue growth in the US stock market, and investors are always seeking earnings growth. In this time period, where questions of “topping” are …

Midday Glance: Drugstore companies
Wed, 20 Nov 2013 19:05:05 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.43 or .7 percent, to $65.65. Rite Aid rose $.09 or 1.8 percent, to $5.16. Walgreen rose $.49 or .8 percent, to $59.08.

CVS' Andy Sussman On How Walk-In Clinics Are Changing The Healthcare Business
Wed, 20 Nov 2013 16:27:00 GMT
Forbes – Until recently, thanks to the proliferation of walk-in clinics, the impatient patient in need can now drive to their local drugstores to get medical treatment. In response to the aggravations of full-service primary care offices and high-cost of ERs, the walk-in clinic has become a rapidly emerging trend. By now, the setup […]

Early Glance: Drugstore companies
Wed, 20 Nov 2013 15:32:36 GMT
AP – Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.22 or .3 percent, to $65.44. Rite Aid rose $.01 or .2 percent, to $5.08. Walgreen rose $.77 or 1.3 percent, to $59.36.

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