McKesson Offering Possible 3.63% Return Over the Next 9 Calendar Days

McKesson's most recent trend suggests a bearish bias. One trading opportunity on McKesson is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 3.63% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $9.65 would be incurred if the stock rose above the $170.00 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 below 20 which suggests that the stock is in oversold 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 McKesson

Singer Builds Celesio Stake as Stock Rises Above Bid
Wed, 06 Nov 2013 09:50:50 GMT

McKesson Corporation to Present at the Credit Suisse 2013 Healthcare Conference
Mon, 04 Nov 2013 22:14:54 GMT
noodls – November 04, 2013 SAN FRANCISCO– November 4, 2013–McKesson Corporation (NYSE:MCK) today announced that John Hammergren, chairman and chief executive officer, will present at the Credit Suisse 2013 Healthcare …

McKesson Corporation to Present at the Credit Suisse 2013 Healthcare Conference
Mon, 04 Nov 2013 21:10:00 GMT
Business Wire – McKesson Corporation today announced that John Hammergren, chairman and chief executive officer, will present at the Credit Suisse 2013 Healthcare Conference in Scottsdale at 8:00 a.m.

3 Huge Differences Between the Medicare Part D and Obamacare Launches
Sun, 03 Nov 2013 14:21:56 GMT
Motley Fool – The troubled Medicare Part D and Obamacare launches have a lot in common — but the remaining hurdles today look much more daunting than those from 8 years ago.

Bull Of The Day: McKesson
Fri, 01 Nov 2013 19:26:25 GMT

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