Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 7.99% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 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 rose above the $65.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Walgreen 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 Walgreen is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Walgreen
How Rite Aid Stock Soared 318% in 2013
Fri, 06 Dec 2013 19:12:07 GMT
Motley Fool – Rite Aid had a fantastic year, far outpacing gains for Walgreen and CVS Caremark. But can the good times last for the drugstore chain?
EBay, PayPal pinpoint stores for mobile shopping
Thu, 05 Dec 2013 21:07:14 GMT
USA TODAY – EBay has amassed location data on 120,000 stores run by over 100 merchants in the U.S.
Growing Generic Drug Sales Offers Hope Of Higher Margins For Walgreen
Thu, 05 Dec 2013 18:41:56 GMT
Seeking Alpha – Walgreen Co. ( WAG ), the largest drugstore chain in the U.S., reported its sales figure for the month of November and Q1 2014, ending November 30. The company's revenue base had declined in fiscal 2012 …
Promising November Sales for Walgreens
Thu, 05 Dec 2013 17:10:04 GMT
Zacks – Drug retailer Walgreens recently reported results for the month of Nov 2013.
CVS Drives Retail Clinic Growth As Obamacare Launches
Thu, 05 Dec 2013 15:40:00 GMT
Forbes – A new report on the retail health clinic market shows CVS/Caremark Corp. (CVS) clearly driving the growth of retail health clinics across the country as pharmacy and grocery store chains prepare to offer newly insured patients medical care in 2014. Retail health clinics are generally staffed by advanced degreed nurses known […]
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