WellPoint (WLP) Offering Possible 14.16% Return Over the Next 26 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 14.16% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $92.50 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 above 80 which suggests that the stock is in overbought territory.

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

Leading Equity Analyst Sees Increased Utilization and New Device Introductions Powering M&A and IPOs for Medical Device Sector in 2014
Mon, 24 Mar 2014 14:30:00 GMT

WellPoint price target raised to $130 from $106 at Susquehanna
Mon, 24 Mar 2014 12:09:36 GMT

WellPoint price target raised to $120 from $110 at Leerink
Mon, 24 Mar 2014 10:41:00 GMT

WellPoint says new hepatitis c drug prices are too high
Fri, 21 Mar 2014 16:20:46 GMT

WellPoint says exchange premiums rates to rise in double digits
Fri, 21 Mar 2014 16:13:05 GMT

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