CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $74.00 short put and a strike $69.00 long put offers a potential 33.69% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $74.00 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock dropped below the $69.00 long put 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 up which suggests that the medium-term momentum for CVS is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for CVS
Jim Cramer: I'm No Longer Worried About Amazon Destroying CVS
Mon, 27 Aug 2018 17:38:00 +0000
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer isn't worried about Amazon crushing CVS Health.
CVS Health (CVS) Gains But Lags Market: What You Should Know
Fri, 24 Aug 2018 22:04:10 +0000
CVS Health (CVS) closed the most recent trading day at $74.08, moving +0.58% from the previous trading session.
Cigna, Express Scripts shareholders vote to approve merger
Fri, 24 Aug 2018 17:56:00 +0000
Activist investor Carl Icahn opposed the deal but dropped his fight after influential proxy advisory firms Glass Lewis and Institutional Shareholder Services and hedge fund Glenview Capital Management …
Owning Big Debtors Doesn't Mean More Risk for These Bond ETFs
Fri, 24 Aug 2018 11:00:00 +0000
Market-value-weighted corporate-bond index funds are naturally biased toward the largest debt issuers. It may seem intuitive to conclude that the largest debtors are the riskiest, which has led to the idea that these index funds are poor investments. The median leverage ratio for the largest 10 issuers hovered slightly below 3.0 times, and the corresponding figure for all publicly traded issuers was slightly above 2.5 times.
With CVS Merger Looming, Cantor Fitzgerald Shifts To Neutral Stance On Aetna
Thu, 23 Aug 2018 16:18:56 +0000
With a merger of CVS Health Corp. (NYSE: CVS ) and Aetna Inc. (NYSE: AET ) pending regulatory approval, Cantor Fitzgerald downgraded the health insurer on valuation. The Analyst Cantor Fitzgerald analyst …
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