CVS Offering Possible 6.38% Return Over the Next 29 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 $62.50 long put offers a potential 6.38% return on risk over the next 29 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 $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $62.50 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 68.97 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

Walgreen Misses On Sales, Sees More Generics Soon
Sat, 21 Dec 2013 00:06:00 GMT
Investor's Business Daily – Inside Real Estate/Staff, New Issue America/New Issue Pipeline, Industry Snapshot/Default, New Issue America/Default, Making Money/Investor's Corner, Front Page News/Feature Story, Front Page News/General …

Final Glance: Drugstore companies
Fri, 20 Dec 2013 23:02:58 GMT
AP – Shares of some top drugstore companies were mixed at the close of trading: CVSCaremark fell $.08 or .1 percent, to $70.06. Rite Aid fell $.18 or 3.5 percent, to $4.99. Walgreen rose $2.10 or 3.7 percent, …

11:31 am CVS Caremark announces Centers for Medicare and Medicaid Services has lifted the sanctions imposed against the co's SilverScript Medicare Part D Prescription Drug Plan, effective Jan 1, 2014
Fri, 20 Dec 2013 21:44:43 GMT
Briefing.com – 11:31 am CVS Caremark announces Centers for Medicare and Medicaid Services has lifted the sanctions imposed against the co's SilverScript Medicare Part D Prescription Drug Plan, effective Jan 1, 2014

U.S. lifts sanction on a CVS Caremark Medicare drug plan
Fri, 20 Dec 2013 17:17:26 GMT
Reuters – CVS Caremark Corp said on Friday that the Centers for Medicare and Medicaid Services lifted sanctions it had imposed earlier this year on a CVS Medicare drug plan aimed at seniors, allowing the company …

Walgreen Hurt By Generic Drug Slowdown, Sees '14 Lift
Fri, 20 Dec 2013 17:05:00 GMT
Investor's Business Daily – Walgreen Hurt By Generic Drug Slowdown, Sees '14 Lift

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