Walgreen (WAG) Offering Possible 23.15% Return Over the Next 22 Calendar Days

Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $61.00 short call and a strike $66.00 long call offers a potential 23.15% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $61.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $66.00 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 33.95 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

Walgreen Company Highlights Earnings Expectations For The Week Of September 29
Sun, 28 Sep 2014 17:29:29 GMT

Cramer: Walgreen Is Going Higher Long Term, Now Is an Opportunity
Sat, 27 Sep 2014 14:00:00 GMT

[$$] Walgreen Shareholder Settlement Approved
Fri, 26 Sep 2014 22:26:22 GMT

Wait for better moment to commit cash: Cramer
Fri, 26 Sep 2014 22:00:00 GMT

All Eyes on Key Employment Data for the Week Ahead: Non-Farm Payrolls
Fri, 26 Sep 2014 21:10:30 GMT

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