CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $94.00 short call and a strike $99.00 long call offers a potential 29.2% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $94.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock rose above the $99.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for CVS 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 down which suggests that the medium-term momentum for CVS is bearish.
The RSI indicator is at 32.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
When Will Gilead Sciences, Celgene, and CVS Health Hit $100 Again?
Mon, 27 Jun 2016 19:43:00 GMT
Moody's Affirms Four and Upgrades One Class of GMAC 1999-C2
Thu, 23 Jun 2016 21:06:04 GMT
MinuteClinic Expands With New Walk-in Medical Clinics Inside South Florida Target Stores
Thu, 23 Jun 2016 12:00:00 GMT
PR Newswire – WOONSOCKET, R.I., June 23, 2016 /PRNewswire/ — MinuteClinic, the retail medical clinic of CVS Health, has opened six new locations inside Target stores in South Florida. The clinics – located in stores in Boynton Beach, Davie, Deerfield Beach, Miami and West Palm Beach – have been rebranded and converted to MinuteClinic.
CVS Pharmacy Now Open in Target Stores Throughout Colorado
Wed, 22 Jun 2016 16:00:00 GMT
PR Newswire – WOONSOCKET, R.I., June 22, 2016 /PRNewswire/ — CVS Health (CVS) today announced that the first CVS Pharmacy locations in Target stores in Colorado are now open. The pharmacies, located in several metropolitan areas, including Denver, Colorado Springs and Fort Collins, are being operated through a store-within-a-store format and are branded CVS Pharmacy. “We're excited to introduce our integrated pharmacy services and health care expertise to Target guests in Colorado,” said Tony Caskey, Area Vice President for CVS Pharmacy.
CVS Health (CVS) Stock Rises, Deutsche Bank Drops Target Price
Wed, 22 Jun 2016 14:07:00 GMT
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