Walgreen (WAG) Offering Possible 12.36% Return Over the Next 17 Calendar Days

Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 12.36% 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 $60.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $65.00 long call strike price.

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

The RSI indicator is at 24.48 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

Cramer: How a correction works
Wed, 01 Oct 2014 22:00:00 GMT

Walgreen to sell drugs under Express Scripts 2015 Medicare plans
Wed, 01 Oct 2014 17:14:02 GMT

Will This Analyst Action Hurt Walgreen (WAG) Stock Today?
Wed, 01 Oct 2014 13:08:00 GMT

Western Union Launches Money Transfer at Walgreens and Duane Reade
Wed, 01 Oct 2014 12:00:00 GMT
Business Wire – The Western Union Company , a leader in global payment services, and Walgreens , the nation’s largest drugstore chain, have launched quicker and

Express Scripts Collaborates with Walgreens to Create Value-Driven Medicare Prescription Drug Plan Pharmacy Network
Wed, 01 Oct 2014 11:30:00 GMT
PR Newswire – ST. LOUIS, Oct. 1, 2014 /PRNewswire/ — Express Scripts (NASDAQ: ESRX) today announced that its two nationally available 2015 Express Scripts Medicare ® Prescription Drug Plans (PDP) will offer a preferred …

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