Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $63.50 short call and a strike $68.50 long call offers a potential 7.07% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $63.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $68.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Walgreen is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Walgreen is bearish.
The RSI indicator is at 60.86 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
Labor pension adviser CtW seeks details from Walgreen
Fri, 12 Sep 2014 22:24:13 GMT
Top 5 Retailers Partnering With Apple On Its E-Wallet
Thu, 11 Sep 2014 19:04:00 GMT
With new CEO, Target ready to move forward
Thu, 11 Sep 2014 02:05:24 GMT
Power Struggle at Walgreen as Biggest Shareholder Rises
Wed, 10 Sep 2014 23:01:01 GMT
Top U.S. Senate Democrats unveil earnings stripping plan
Wed, 10 Sep 2014 18:05:06 GMT
Reuters – UK Focus – One of the main incentives driving a surge in U.S. Their proposal would reduce the amount of interest deductions a company can claim to 25 percent from 50 percent of income, even for companies that inverted years ago.
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