CVS Offering Possible 7.53% Return Over the Next 30 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 7.53% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $52.50 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 64.36 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
Thu, 17 Oct 2013 22:04:35 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $1.07 or 1.8 percent, to $60.00. Rite Aid rose $.21 or 4.1 percent, to $5.35. Walgreen rose $1.17 or 2.0 percent, …

Moody's Upgrades Two and Affirms Four CMBS Classes of GMAC 1999-C2
Thu, 17 Oct 2013 21:44:06 GMT
Moody's – Approximately $85.6 million of Structured Securities Affected. New York, October 17, 2013– Moody's Investors Service upgraded the ratings of two classes and affirmed four classes of GMAC Commercial Mortgage …

Strong Prescription Comps Drive Walgreen
Thu, 17 Oct 2013 20:29:58 GMT
Seeking Alpha – Pharmacy giant Walgreen ( WAG ) posted strong fourth-quarter results bolstered by solid prescription comps. Sales increased 5.1% year-over-year to $17.9 billion, roughly in-line with consensus estimates. …

Midday Glance: Drugstore companies
Thu, 17 Oct 2013 17:26:23 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.91 or 1.5 percent, to $59.84. Rite Aid rose $.16 or 3.1 percent, to $5.30. Walgreen rose $.81 or 1.4 percent, to $58.40.

Trade-Ideas: CVS Caremark (CVS) Is Today's “Barbarian At The Gate” Stock
Thu, 17 Oct 2013 17:06:00 GMT
TheStreet – Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Trade-Ideas …

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