Walgreen (WAG) Offering Possible 11.11% Return Over the Next 30 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 11.11% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 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 dropped below the $65.00 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 66.84 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

Rite Aid Soars On Q3 Earnings, Raised Guidance
Thu, 18 Dec 2014 15:43:00 GMT

Cramer: If you can't beat these stocks, buy them
Wed, 17 Dec 2014 23:25:00 GMT

Walgreen Co. — Moody's assigns Walgreens Boots Alliance a P-2 Commercial Paper rating
Wed, 17 Dec 2014 19:07:03 GMT

Walgreens First Quarter 2015 Earnings Release, Conference Call Scheduled for Dec. 23
Wed, 17 Dec 2014 05:00:33 GMT
noodls – The conference call will be simulcast through Walgreens investor relations website at: http://investor.walgreens.com. A replay of the conference call will be archived on the website for 12 months after …

Walgreens First Quarter 2015 Earnings Release, Conference Call Scheduled for Dec. 23
Tue, 16 Dec 2014 21:02:00 GMT
Business Wire – Walgreens will release its fiscal 2015 first quarter earnings results at 7:30 a.m. Eastern time Tuesday, Dec. 23, followed by a conference call with Walgreens management beginning at 8:30 a.m.

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