CVS’s most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 13.64% return on risk over the next 39 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 $0.60 would be kept by the premium seller. The risk of $4.40 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 CVS 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 CVS is bullish.
The RSI indicator is at 69.65 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Final Glance: Drugstore companies
Tue, 12 Nov 2013 23:19:21 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.03 or percent, to $63.96. Rite Aid unchanged at $5.22. Walgreen rose $.03 or .1 percent, to $59.48.
Is Walgreen Likely to Outperform CVS and Rite Aid?
Tue, 12 Nov 2013 22:02:15 GMT
Motley Fool – Which drug store company has the most potential to reward its shareholders?
Midday Glance: Drugstore companies
Tue, 12 Nov 2013 18:24:59 GMT
AP – Shares of some top drugstore companies are mixed at 1 p.m.: CVSCaremark fell $.08 or .1 percent, to $63.85. Rite Aid unchanged at $5.22. Walgreen rose $.05 or .1 percent, to $59.50.
Banks Could Lose 35 Percent of Revenues By 2020
Tue, 12 Nov 2013 17:45:00 GMT
Forbes – Traditional banks need to control costs of branches while investing in digital, and they still face a threat from new all-digital disruptors.
Early Glance: Drugstore companies
Tue, 12 Nov 2013 15:47:43 GMT
AP – Shares of some top drugstore companies are mixed at 10 a.m.: CVSCaremark fell $.22 or .3 percent, to $63.71. Rite Aid rose $.01 or .3 percent, to $5.24. Walgreen rose $.03 or .1 percent, to $59.48.
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