Walgreen (WAG) Offering Possible 8.23% 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 $70.00 short call and a strike $75.00 long call offers a potential 8.23% 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 $70.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $75.00 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 52.48 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

Walgreen faces big downside play
Fri, 25 Apr 2014 09:47:18 GMT

Dividends make retirement less daunting
Thu, 24 Apr 2014 21:41:51 GMT

Walgreen: Stock Ready To Reward Investors
Thu, 24 Apr 2014 15:27:35 GMT

Walgreens to Present at Barclays 2014 Retail & Consumer Discretionary Conference
Wed, 23 Apr 2014 18:43:00 GMT
Business Wire – Walgreens today announced it will present on Wednesday, April 30, at the Barclays 2014 Retail & Consumer Discretionary Conference in New York City. Rick Hans, divisional vice president of investor relations and finance for Walgreens, will speak at 11 a.m.

Fresh Off Easter, Peeps Head to Hollywood
Wed, 23 Apr 2014 15:48:26 GMT

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