WellPoint’s most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 9.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $82.50 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 at 79.37 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
How Will Health Law Affect Business? CEOs Weigh In
Thu, 21 Nov 2013 20:08:50 GMT
WELLPOINT, INC Files SEC form 8-K, Regulation FD Disclosure
Thu, 21 Nov 2013 11:11:09 GMT
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Wed, 20 Nov 2013 22:58:00 GMT
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Wed, 20 Nov 2013 22:43:26 GMT
Bloomberg – Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to temporarily keep medical plans that don’t meet the requirements …
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Wed, 20 Nov 2013 18:33:55 GMT
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