CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 11.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $75.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for CVS
Walgreen’s Renewed Growth Momentum Makes for a Great Stock Pick in 2014
Wed, 08 Jan 2014 18:50:18 GMT
Motley Fool – Walgreen's recent focus on becoming a global pharmacy has started to pay off in a big way with impressive net income growth in the first quarter of fiscal 2014.
Will Rite Aid Soar Past Walgreen and CVS in 2014?
Wed, 08 Jan 2014 15:52:47 GMT
Motley Fool – After huge gains in 2013, does Rite Aid have an encore for return-hungry investors? Find out whether the drugstore chain can keep defying rivals CVS Caremark and Walgreen in 2014.
Aetna adds Wal-Mart to preferred pharmacy network of Aetna CVS plan
Wed, 08 Jan 2014 15:41:55 GMT
theflyonthewall.com – Aetna (AET) announced that Walmart (WMT) and Sam’s Club pharmacies will be added to the preferred pharmacy network of the Aetna CVS/pharmacy Prescription Drug Plan as of January 1. The Aetna CVS/pharmacy …
How Does Walgreen Look After Strong December Sales?
Tue, 07 Jan 2014 23:02:08 GMT
Motley Fool – A look at Walgreen and how it compares to Rite Aid and CVS after reporting its December sales.
All-weather stocks for 2014
Tue, 07 Jan 2014 05:01:34 GMT
MarketWatch – Are there stocks that perform well in both bull and bear markets? That’s what this column searches for, reporting a handful that at least come close.
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