CVS’s most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $69.50 short call and a strike $74.50 long call offers a potential 66.11% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.50 by expiration. The full premium credit of $1.99 would be kept by the premium seller. The risk of $3.01 would be incurred if the stock rose above the $74.50 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 22.18 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Moody’s: Health insurers’ disruptive growth strategies threaten NFP hospital volume and margins
Wed, 21 Feb 2018 19:22:05 +0000
US not-for-profit hospitals will face greater competition, risk of volume declines and margin erosion as the nation’s largest commercial health insurers aggressively pursue growth strategies, Moody’s Investors …
Amazon Launches Its Own Line of OTC Drugs
Wed, 21 Feb 2018 17:45:00 +0000
The move could spur a price war, pressuring margins at rivals CVS, Walgreens and Rite Aid.
Albertsons Sees Room In Supermarkets To Expand Rite Aid Clinics
Wed, 21 Feb 2018 13:00:00 +0000
Grocery store chain Albertsons and Rite Aid plan to add more retail health clinics into more supermarkets after their merger is finalized later this year.
Our Ultimate Stock-Pickers’ Top 10 High-Conviction and New-Money Purchases
Wed, 21 Feb 2018 11:00:00 +0000
Passive inflows continue to make for a difficult stock-picking environment.
Albertsons Might Be Buying a Lemon in Rite Aid
Tue, 20 Feb 2018 22:54:39 +0000
The drugstore is a shadow of its former self
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