CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 10.62% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $9.04 would be incurred if the stock rose above the $110.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CVS 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 CVS is bearish.
The RSI indicator is at 46.14 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
Thu, 15 Jan 2015 23:08:34 GMT
Rite Aid (RAD) Looks Good on Strategic Growth Initiatives – Analyst Blog
Thu, 15 Jan 2015 21:00:09 GMT
Midday Glance: Drugstore companies
Thu, 15 Jan 2015 18:59:49 GMT
Early Glance: Drugstore companies
Thu, 15 Jan 2015 16:00:20 GMT
AP – Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.66 or 1.0 percent, to $66.77. Rite Aid rose $.05 or .9 percent, to $5.65. Walgreen rose $.81 or 1.4 percent, to $60.03.
PNC Bank to add 136 ATMs in Charlotte region with new deals at CVS, Kangaroo Express
Wed, 14 Jan 2015 16:20:35 GMT
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