Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 11.61% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $52.50 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 74.86 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
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Thu, 24 Oct 2013 19:44:00 GMT
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Thu, 24 Oct 2013 17:04:13 GMT
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Thu, 24 Oct 2013 13:17:14 GMT
Reuters – UK Focus – Fitch Ratings has placed the long-term ratings of McKesson Corp. , including the ‘A-‘ long-term Issuer Default Rating , on Rating Watch Negative. The rating action follows the firm's announcement that …
Coverage initiated on Walgreens by FBR Capital
Thu, 24 Oct 2013 02:29:12 GMT
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