McKesson Offering Possible 5.26% Return Over the Next 11 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 5.26% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $9.50 would be incurred if the stock dropped below the $145.00 long put 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

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

Pharmaceutical Distributor Showing Potential For Healthy Gains
Fri, 01 Nov 2013 17:46:00 GMT

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