Quest Diagnostics (DGX) Offering Possible 7.53% Return Over the Next 16 Calendar Days

Quest Diagnostics's most recent trend suggests a bullish bias. One trading opportunity on Quest Diagnostics is a Bull Put Spread using a strike $60.00 short put and a strike $50.00 long put offers a potential 7.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Quest Diagnostics 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 Quest Diagnostics is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought 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 Quest Diagnostics

NYSE stocks posting largest percentage increases
Thu, 03 Apr 2014 22:24:42 GMT

Quest Diagnostics To Release First Quarter 2014 Financial Results On April 24
Thu, 03 Apr 2014 21:19:00 GMT
PR Newswire – MADISON, N.J., April 3, 2014 /PRNewswire/ — Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, announced that it will report first quarter 2014 results on …

CollabRx: Making Sense of the Complex Cancer Market
Tue, 01 Apr 2014 14:00:00 GMT
Accesswire – Cancer is one of the leading causes of death worldwide and the number of people affected by the disease is growing rapidly. In 2012, more than 14.1 million people around the world were newly diagnosed …

FDA Clears Quest Diagnostic's First HSV-1, 2 Detection Test
Thu, 27 Mar 2014 14:40:04 GMT

Is This the Top for Quest Diagnostics (DGX)?
Thu, 27 Mar 2014 11:07:46 GMT

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