CVS Offering Possible 9.41% Return Over the Next 23 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 9.41% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $55.00 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 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

Hostages freed, gunman surrenders in North Carolina robbery attempt
Fri, 25 Oct 2013 11:49:38 GMT
Reuters – A gunman trying to rob a drugstore in Belmont, North Carolina, near Charlotte, fired shots at police and held several hostages for more than two hours early Friday before surrendering, police said. A police …

Final Glance: Drugstore companies
Thu, 24 Oct 2013 22:02:53 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.61 or 1.0 percent, to $62.07. Rite Aid rose $.10 or 2.0 percent, to $5.22. Walgreen rose $.46 or .8 percent, to …

McKesson / Celesio: piggyback deal
Thu, 24 Oct 2013 18:49:26 GMT
Financial Times – McKesson's $8bn purchase of Celesio is ho-hum in the annals of recent drug supply chain deals. Sure, it is a nice add-on for McKesson, which, with an enterprise value of $35bn, is the largest US drug wholesaler. …

Midday Glance: Drugstore companies
Thu, 24 Oct 2013 17:27:40 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.25 or .4 percent, to $61.71. Rite Aid rose $.10 or 2.0 percent, to $5.22. Walgreen rose $.33 or .6 percent, to $59.12.

CVS Caremark Receives URAC Accreditation for Pharmacy Benefit Management and Drug Therapy Management
Thu, 24 Oct 2013 15:52:36 GMT
noodls – WOONSOCKET, R.I., Oct. 24, 2013 /PRNewswire/ — CVS Caremark (NYSE: CVS) announced today that it has been awarded Pharmacy Benefit Management (PBM) and Drug Therapy Management (DTM) accreditation from …

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