CVS Offering Possible 7.07% Return Over the Next 19 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 7.07% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $65.00 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 78.1 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
Mon, 30 Dec 2013 22:59:50 GMT
AP – Shares of some top drugstore companies were mixed at the close of trading: CVSCaremark rose $.02 or percent, to $71.58. Rite Aid fell $.04 or .8 percent, to $5.05. Walgreen rose $.41 or .7 percent, to …

Midday Glance: Drugstore companies
Mon, 30 Dec 2013 18:40:23 GMT
AP – Shares of some top drugstore companies are mixed at 1 p.m.: CVSCaremark unchanged at $71.56. Rite Aid fell $.02 or .4 percent, to $5.07. Walgreen rose $.08 or .1 percent, to $57.51.

Schlumberger is a powerful company: Pro
Mon, 30 Dec 2013 18:39:00 GMT
CNBC – Michael Farr, Farr, Miller & Washington president, reveals his best five stock plays for 2014.

Early Glance: Drugstore companies
Mon, 30 Dec 2013 15:25:35 GMT
AP – Shares of some top drugstore companies are mixed at 10 a.m.: CVSCaremark rose $.02 or percent, to $71.58. Rite Aid fell $.05 or .9 percent, to $5.04. Walgreen fell $.02 or percent, to $57.41.

Does Walgreen Present Investors with a Good Middle-of-the-Road Opportunity?
Sun, 29 Dec 2013 13:02:05 GMT
Motley Fool – A look at Walgreen after it matched analyst expectations and how the company looks in comparison with Rite Aid and CVS.

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