CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $103.00 short call and a strike $108.00 long call offers a potential 11.61% return on risk over the next 5 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $103.00 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 rose above the $108.00 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 42.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
How Obamacare Cost Squeeze May Push Rite Aid To Walgreens
Sat, 11 Apr 2015 13:01:00 GMT
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Fri, 10 Apr 2015 22:05:52 GMT
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Fri, 10 Apr 2015 22:05:52 GMT
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Fri, 10 Apr 2015 22:05:50 GMT
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Fri, 10 Apr 2015 22:05:50 GMT
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