CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 17.65% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $65.00 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 at 70.16 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Final Glance: Drugstore companies
Mon, 23 Dec 2013 23:01:52 GMT
AP – Shares of some top drugstore companies were mixed at the close of trading: CVSCaremark rose $.46 or .7 percent, to $70.52. Rite Aid rose $.25 or 5.0 percent, to $5.24. Walgreen fell $1.50 or 2.5 percent, …
7 Dividend Paying Companies Delivering The Gift That Keeps On Giving
Mon, 23 Dec 2013 20:50:57 GMT
Seeking Alpha – The goal of every dividend investor is to generate a rising stream of sustainable dividend income. The growth in dividends protects the purchasing power of the income, and further turbochargers the compounding …
Are Rite Aid's Rally Days Now Over?
Mon, 23 Dec 2013 19:35:58 GMT
Motley Fool – Rite Aid's third quarter brought about losses not normally seen in the last year, but does this imply that the stock is no longer a buy or that it's presenting a value opportunity? Should investors look …
CMS Lifts Sanction on CVS Drug Plan
Mon, 23 Dec 2013 19:30:03 GMT
Zacks – The Centers for Medicare and Medicaid Services (CMS) remove the ban on CVS Caremark's SilverScript drug plan
Midday Glance: Drugstore companies
Mon, 23 Dec 2013 18:47:23 GMT
AP – Shares of some top drugstore companies are mixed at 1 p.m.: CVSCaremark rose $.55 or .8 percent, to $70.61. Rite Aid rose $.29 or 5.8 percent, to $5.28. Walgreen fell $1.24 or 2.1 percent, to $57.80.
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