WellPoint (WLP) Offering Possible 33.33% Return Over the Next 33 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $111.00 short put and a strike $106.00 long put offers a potential 33.33% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $111.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $106.00 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 49.62 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

[$$] WellPoint Changes Its Name to Anthem
Wed, 13 Aug 2014 20:02:55 GMT
The Wall Street Journal – WellPoint, the second-biggest U.S. insurer, plans to change its name to Anthem, elevating the brand that it now uses for most of its health-insurance products.

Health insurance giant WellPoint renames itself Anthem
Wed, 13 Aug 2014 17:01:00 GMT

WellPoint: What's in a Name?
Wed, 13 Aug 2014 16:44:00 GMT

Insurer WellPoint plans name change to Anthem
Wed, 13 Aug 2014 13:54:48 GMT

Insurer WellPoint plans name change to Anthem
Wed, 13 Aug 2014 13:54:48 GMT

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