CVS Offering Possible 5.04% Return Over the Next 36 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 5.04% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $57.50 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 above 80 which suggests that the stock is in overbought territory.

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, 15 Nov 2013 23:02:44 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.35 or .5 percent, to $65.62. Rite Aid rose $.04 or .8 percent, to $5.26. Walgreen rose $.16 or .3 percent, to …

Midday Glance: Drugstore companies
Fri, 15 Nov 2013 18:30:32 GMT
AP – Shares of some top drugstore companies are mixed at 1 p.m.: CVSCaremark rose $.05 or .1 percent, to $65.32. Rite Aid rose $.02 or .4 percent, to $5.24. Walgreen fell $.19 or .3 percent, to $59.93.

Here's Who’s Getting Rich off Obamacare
Fri, 15 Nov 2013 16:02:21 GMT

Early Glance: Drugstore companies
Fri, 15 Nov 2013 15:50:33 GMT
AP – Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.03 or percent, to $65.30. Rite Aid rose $.06 or 1.1 percent, to $5.28. Walgreen rose $.41 or .7 percent, to $60.53.

3 Top Health Care Buys
Fri, 15 Nov 2013 11:22:27 GMT
Motley Fool – CVS Caremark, Johnson & Johnson and United Health Group are good buying opportunities despite Obamacare’s troubled launch.

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