McKesson (MCK) Offering Possible 18.81% Return Over the Next 15 Calendar Days

McKesson's most recent trend suggests a bearish bias. One trading opportunity on McKesson is a Bear Call Spread using a strike $142.00 short call and a strike $148.00 long call offers a potential 18.81% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $142.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $5.05 would be incurred if the stock rose above the $148.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for McKesson is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for McKesson is bearish.

The RSI indicator is at 45.39 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for McKesson

MCKESSON CORP Financials
Wed, 01 Feb 2017 18:04:07 GMT

McKesson Corp. :MCK-US: Earnings Analysis: Q3, 2017 By the Numbers : January 27, 2017
Fri, 27 Jan 2017 15:08:59 GMT

Blog Coverage Wholesale Drug Distributor McKesson Acquired CoverMyMeds
Fri, 27 Jan 2017 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on Cardinal Health Post-Earnings Results LONDON, UK / ACCESSWIRE / January 27, 2017 / Active Wall St. blog coverage looks at the headline from San Francisco-based McKesson Corp. (NYSE: …

McKesson Corp. breached its 50 day moving average in a Bearish Manner : MCK-US : January 27, 2017
Fri, 27 Jan 2017 12:36:15 GMT

McKesson sees ‘double-digit growth' from CoverMyMeds acquisition
Fri, 27 Jan 2017 01:05:07 GMT

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