McKesson (MCK) Offering Possible 26.58% Return Over the Next 11 Calendar Days

McKesson's most recent trend suggests a bearish bias. One trading opportunity on McKesson is a Bear Call Spread using a strike $140.00 short call and a strike $145.00 long call offers a potential 26.58% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $140.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $145.00 long call 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 down which suggests that the medium-term momentum for McKesson is bearish.

The RSI indicator is at 36.8 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 McKesson

Fast-growing CoverMyMeds to be acquired by McKesson for $1.1B
Fri, 03 Feb 2017 19:40:12 GMT

‘We just did a very big thing' – Inside the room when CoverMyMeds CEO broke the news of McKesson's $1.1B deal to staff
Fri, 03 Feb 2017 19:39:17 GMT

ETFs with exposure to McKesson Corp. : February 2, 2017
Thu, 02 Feb 2017 19:01:30 GMT

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

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