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 7.99% return on risk over the next 22 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 $0.37 would be kept by the premium seller. The risk of $4.63 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 77.87 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Does Walgreen Present Investors with a Good Middle-of-the-Road Opportunity?
Sun, 29 Dec 2013 13:02:05 GMT
Motley Fool – A look at Walgreen after it matched analyst expectations and how the company looks in comparison with Rite Aid and CVS.
Why Obamacare Won't Stand in the Way of CVS Caremark in 2014
Sun, 29 Dec 2013 12:02:09 GMT
Motley Fool – The recent partnership between CVS Caremark and Cardinal Health will help CVS to compete more effectively with larger rivals such as Walgreen and Express Scripts, and also help the company stay on top …
Short-Term Expected Gross Margin Contraction Fails To Change Bullish Outlook On CVS
Sat, 28 Dec 2013 08:06:05 GMT
Seeking Alpha – CVS Caremark ( CVS ) is the leading drug store chain in the U.S. The company has had a solid run in recent times; the stock is up 48% year-to-date in contrast to the S&P 500's return of 30%. The company …
Final Glance: Drugstore companies
Fri, 27 Dec 2013 22:59:39 GMT
AP – Shares of some top drugstore companies were mixed at the close of trading: CVSCaremark rose $.28 or .4 percent, to $71.56. Rite Aid fell $.08 or 1.5 percent, to $5.09. Walgreen fell $.24 or .4 percent, …
Walgreen Had a Great First Quarter But Still Trails CVS
Fri, 27 Dec 2013 21:42:29 GMT
Motley Fool – Walgreens performed well, but it and Rite Aid still trail their rival CVS.
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