Safeway Offering Possible 11.11% Return Over the Next 17 Calendar Days

Safeway's most recent trend suggests a bearish bias. One trading opportunity on Safeway is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 11.11% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $41.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Safeway 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 Safeway is bearish.

The RSI indicator is at 69.84 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Safeway

Supervalu, Safeway, and Kroger: 3 Ways to Benefit From the Grocery Market
Wed, 30 Oct 2013 21:52:33 GMT
Motley Fool – These three retailers are following different but effective strategies.

Cut in food stamps to hit low-income Americans this week
Wed, 30 Oct 2013 16:09:57 GMT
Reuters – * Aid will be cut for all food stamp recipients for the first time WASHINGTON/LOS ANGELES, Oct 30 (Reuters) – One of every seven Americans will take a hit on Friday when a $5 billion cut in food stamps, the first across-the-board reduction in the history of the decades-old federal program, takes effect. SNAP, the largest U.S. anti-hunger program, is designed to help poor people – most of them children, disabled or elderly – buy food.

Men taking a more active role in the kitchen
Tue, 29 Oct 2013 20:28:48 GMT
Big Data Download – http://d.yimg.com/hd/cnbc2/lotus/1383077796166_779_21yIGQoRgJbf1_1_0.jpg?s=f7970b741ffc40bc2096546016a0f39b&c=da9398bf6fa6f05ac03e67eb5a610bd2&a=cnbc2&mr=0

A.M. Best Upgrades Ratings of Safeway Property Insurance Company
Tue, 29 Oct 2013 19:26:00 GMT
Business Wire – A.M. Best Co. has upgraded the financial strength rating to B+ from B and issuer credit rating to “bbb-” from “bb+” of Safeway Property Insurance Company .

Is Safeway About To Be Acquired? Recent Insider Sales Scream ‘No!'
Tue, 29 Oct 2013 17:02:23 GMT
Seeking Alpha – Last week Reuters reported that private equity firm Cerberus and other PE firms were considering a bid for grocer Safeway ( SWY ). Shares moved up 11% in the days following the Reuters report – investors …

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