Walgreen (WAG) Offering Possible 10.86% Return Over the Next 11 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $62.00 short put and a strike $57.00 long put offers a potential 10.86% 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 $62.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $57.00 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 52.95 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

Apple CEO Tim Cook Unveils ‘Apple Watch,' iPhone 6 and ‘Apple Pay'
Wed, 10 Sep 2014 00:49:03 GMT

First look at Apple's iPhones, mobile pay, Apple Watch
Tue, 09 Sep 2014 22:44:45 GMT

Your first trade for Wednesday
Tue, 09 Sep 2014 22:02:42 GMT

Apple hopes to jump-start mobile payments with Apple Pay
Tue, 09 Sep 2014 21:08:10 GMT

Walgreens and United Nations Foundation Launch “Get a Shot. Give a Shot” Campaign, Kicking Off Second Year of Collaboration to Provide Life-Saving Vaccines for Children in Developing Countries
Tue, 09 Sep 2014 17:43:00 GMT
Business Wire – DEERFIELD, Ill.– — MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50933678&lang=en

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