Walgreen (WAG) Offering Possible 15.74% Return Over the Next 18 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 15.74% return on risk over the next 18 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 $0.68 would be kept by the premium seller. The risk of $4.32 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 26.2 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

Walgreen Reports Loss of $239 Million for Quarter
Wed, 01 Oct 2014 00:30:19 GMT

Another volatile session for major averages
Tue, 30 Sep 2014 20:30:49 GMT

Pharmacy Stocks Follow Walgreen Company's Lead Amid Earnings Release
Tue, 30 Sep 2014 19:06:41 GMT

Walgreen Company Q4 Conference Call Highlights
Tue, 30 Sep 2014 18:50:43 GMT

[$$] Walgreen Profit Remains Pressured by Drug Price Miscalculation
Tue, 30 Sep 2014 17:20:34 GMT

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