Walgreen Offering Possible 6.38% Return Over the Next 29 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 6.38% 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 $55.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $50.00 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 75.61 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Walgreen

Forbes Healthcare Summit: Walk-In Clinic Visions Shared
Fri, 18 Oct 2013 14:00:00 GMT
Forbes – Video With urgent care centers and retail clinics proliferating across the country, backers of this outpatient medical treatment came together during the second annual Forbes Healthcare Summit in the Allen Room at Jazz at Lincoln Center in Manhattan. Watch as chief medical officer Dr. Andy Sussman from CVS/Caremark (CVS); Dr. Richard Rothman of […]

Strong Prescription Comps Drive Walgreen
Thu, 17 Oct 2013 20:29:58 GMT
Seeking Alpha – Pharmacy giant Walgreen ( WAG ) posted strong fourth-quarter results bolstered by solid prescription comps. Sales increased 5.1% year-over-year to $17.9 billion, roughly in-line with consensus estimates. …

This Drugstore Offers More Potential Than Its Peers
Thu, 17 Oct 2013 14:24:18 GMT
Motley Fool – Investing in drugstores has been a profitable venture over the past several years. However, the landscape has recently changed, and you should consider investing in the strongest underlying company.

Drugstore Billionaire Open to CVS Partnership: Corporate Brazil
Thu, 17 Oct 2013 03:00:01 GMT
Bloomberg – Empreendimentos Pague Menos SA, Brazil’s second-biggest drugstore company, would consider U.S. partners such as CVS Caremark Corp. and Walgreen Co. to expand amid heightened competition, its chief executive …

Sen. Majority Leader Harry Reid Announces Deal
Wed, 16 Oct 2013 22:51:17 GMT
MarketWatch – Senate Majority Leader Harry Reid (D., Nev.) announced that a compromise had been reached to raise the debt limit and re-open the government. Photo: AP

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