Walgreen Offering Possible 16.01% Return Over the Next 24 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 16.01% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $52.50 long put strike price.

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

The RSI indicator is at 71.21 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 Walgreen

Beauty parade: Watsons IPO could arm Li Ka-shing to extend China lead
Wed, 23 Oct 2013 02:13:35 GMT
Reuters – UK Focus – Hong Kong tycoon Li Ka-shing is expected to use proceeds from what could be the world's biggest retail sector IPO to expand his health and beauty business in China – a market forecast to grow by around …

Beauty parade: Watsons IPO could arm Li Ka-shing to extend China lead
Tue, 22 Oct 2013 20:56:06 GMT
Reuters – UK Focus – Hong Kong tycoon Li Ka-shing is expected to use proceeds from what could be the world's biggest retail sector IPO to expand his health and beauty business in China – a market forecast to grow by around …

CVS tries pushing loyalty cards to next level
Tue, 22 Oct 2013 16:41:57 GMT
Big Data Download – http://d.yimg.com/hd/cnbc2/lotus/1382457146138_750_21yFZqoPjnbf1_1_0.jpg?s=761160f74557888c3f0857388db47b94&c=34e4cff4b772b752720e9252feba28af&a=cnbc2&mr=0

Hallmark and Walgreens Make It Easy to Send Greetings on the Go
Tue, 22 Oct 2013 16:25:00 GMT
PR Newswire – KANSAS CITY, Mo., Oct. 22, 2013 /PRNewswire/ — Staying in touch with a personalized greeting card while on the go just got a bit easier. Users of the free Hallmark Go Cards mobile application for iOS …

Better Buy: Walgreen, CVS, or Rite Aid?
Tue, 22 Oct 2013 15:28:03 GMT
Motley Fool – In the competitive retail pharmacy market, three of the biggest players — Rite Aid, Walgreen, and CVS — face off for market share. Is one a better buy than the other?

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