McKesson Offering Possible 11.73% Return Over the Next 12 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 11.73% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $8.95 would be incurred if the stock dropped below the $160.00 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 56.74 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

McKesson Issuer Default Rating downgraded by Fitch
Thu, 06 Feb 2014 21:45:00 GMT

McKesson moving ahead with Celesio purchase
Thu, 06 Feb 2014 16:42:05 GMT

McKesson moving ahead with Celesio purchase
Thu, 06 Feb 2014 16:42:05 GMT

McKesson concludes acquisition of more than 75 percent of Celesio shares
Thu, 06 Feb 2014 14:09:32 GMT
noodls – Stuttgart, 06 February 2014 McKesson Corporation (“McKesson”) today announced the completion of the acquisition of more than 75 percent of Celesio shares. McKesson, a leading North American pharmaceutical …

McKesson Completes Previously Announced Agreements, Secures Celesio Acquisition
Thu, 06 Feb 2014 14:00:00 GMT
Business Wire – McKesson Corporation , a leading North American healthcare services and information technology company, confirmed today that it has completed the previously announced agreement with Franz Haniel & Cie.

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