Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $72.00 short call and a strike $77.50 long call offers a potential 36.48% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock rose above the $77.50 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 51.92 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
Investors Refocus On Walgreen Tax Strategy
Mon, 28 Jul 2014 19:59:00 GMT
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Mon, 28 Jul 2014 19:16:12 GMT
How Obama Could End Walgreen's Tax-Inversion Hopes
Mon, 28 Jul 2014 18:41:00 GMT
Digital Coupon Campaign: Getting To Know Coupons.com Via Walgreens, Mir Aamir
Sun, 27 Jul 2014 15:10:05 GMT
Walgreens eyes loophole end run around taxes
Sat, 26 Jul 2014 17:42:05 GMT
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