McKesson (MCK) Offering Possible 18.34% Return Over the Next 24 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 18.34% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $8.45 would be incurred if the stock dropped below the $185.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for McKesson 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 McKesson is bullish.

The RSI indicator is at 56.28 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for McKesson

McKesson to Buy UDG Healthcare's Pharmaceutical Business
Mon, 21 Sep 2015 19:55:07 GMT

Mizuho Analysts Call McKesson's UDG Buyout ‘Nice'
Mon, 21 Sep 2015 18:05:18 GMT

Best Investment Ideas For 2016: 8 Dividend Greats, 7 Growth Stocks
Mon, 21 Sep 2015 04:48:00 GMT

McKesson buys UDG Irish unit for ?407.5m
Fri, 18 Sep 2015 14:15:57 GMT
Financial Times – McKesson Corp, the acquisitive US pharmaceuticals group, has continued its European expansion with the ?407.5m purchase of UDG Healthcare's Irish drug business. On Friday, McKesson – which is best known …

McKesson Announces Agreement to Purchase the Pharmaceutical Distribution Division of UDG Healthcare PLC
Fri, 18 Sep 2015 13:36:10 GMT
noodls – September 18, 2015 McKesson to acquire the pharmaceutical distribution division of UDG Healthcare plc for €408 million in cash. Acquisition will add a leader in pharmaceutical distribution across the Republic …

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