WellPoint Offering Possible 15.21% Return Over the Next 29 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 15.21% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $80.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for WellPoint 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 WellPoint is bullish.

The RSI indicator is at 61.31 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 WellPoint

Affordable Care Act: Good or Bad Medicine for the Health-Care Sector?
Sat, 22 Feb 2014 12:00:00 GMT

Humana, UnitedHealth Face About 3.6% Advantage Rate Cuts
Fri, 21 Feb 2014 22:11:32 GMT
Bloomberg – Health insurers participating in the Medicare Advantage program for elderly Americans, including Humana Inc. (HUM) and UnitedHealth Group Inc. (UNH), face a payment cut of about 3.55 percent next year, the U.S. government said. About 15.9 million people, or about 30 percent of Medicare beneficiaries, are enrolled in Advantage plans this year, according to February data from the government. Next year may mark a turning point: Medicare’s actuaries estimate that enrollment will decline for the first time since 2004 because payment cuts will cause plans to drop out or reduce benefits. “There’s a lot of trepidation awaiting this letter and not a few Wall Street analysts and CEOs who are like a long-tailed cat in a room full of rocking chairs these days,” John Gorman, executive chairman of Gorman Health Group, a consulting firm in Washington , said before the cuts were announced.

WellPoint Fires Former Interim CEO John Cannon Without Cause
Fri, 21 Feb 2014 18:14:38 GMT

Insurer WellPoint fires former interim CEO Cannon
Fri, 21 Feb 2014 15:33:11 GMT

Insurer WellPoint fires former interim CEO Cannon
Fri, 21 Feb 2014 15:33:11 GMT

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