Walgreen (WAG) Offering Possible 8.93% Return Over the Next 10 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 8.93% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $57.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Walgreen is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Walgreen is bullish.

The RSI indicator is at 57.89 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

With new CEO, Target ready to move forward
Thu, 11 Sep 2014 02:05:24 GMT

Power Struggle at Walgreen as Biggest Shareholder Rises
Wed, 10 Sep 2014 23:01:01 GMT

Top U.S. Senate Democrats unveil earnings stripping plan
Wed, 10 Sep 2014 18:05:06 GMT
Reuters – UK Focus – One of the main incentives driving a surge in U.S. Their proposal would reduce the amount of interest deductions a company can claim to 25 percent from 50 percent of income, even for companies that inverted years ago.

Economic News Today: S&P Warns On Tax Inversions
Wed, 10 Sep 2014 15:29:00 GMT
Investor's Business Daily – S&P: Inversions may pressure ratings Companies that move headquarters overseas to capitalize on tax savings may see their credit ratings downgraded, said ratings agency Standard & Poor's. Inversions often …

Sen. Schumer's inversion compromise
Wed, 10 Sep 2014 14:06:00 GMT
CNBC – Senator Chuck Schumer, (D-N.Y.), discusses his anti-inversion tax plan. Schumer's proposal would make inverting less economically attractive and restrict inversions until 2017.

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