Walgreen's most recent trend suggests a bearish bias. One trading opportunity on Walgreen is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 8.93% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $67.50 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 at 63.18 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
Walgreens Media Alert
Thu, 16 Jan 2014 22:21:00 GMT
Business Wire – Walgreens pharmacies throughout Texas receive additional shipments of flu vaccine to help meet consumer demand for immunizations. Flu shots currently available daily at nearly all
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Flu Season Peaking? Here's What It Means for CVS Caremark Corporation, Walgreen Company, and Rite Aid Corporation
Wed, 15 Jan 2014 23:30:06 GMT
Motley Fool – The CDC has reported cases of the flu are increasing. That should mean additional revenue friendly foot traffic for retail pharmacies CVS (CVS), Walgreen (WAG), and Rite-Aid (RAD).
Walgreens Reaches Goal to Donate the Value of Three Million Life-Saving Vaccines in Developing Countries through United Nations Foundation’s Shot@Life Campaign
Wed, 15 Jan 2014 18:42:07 GMT
noodls – 15 January 2014 Walgreens Reaches Goal to Donate the Value of Three Million Life-Saving Vaccines in Developing Countries through United Nations Foundation's Shot@Life Campaign In U.S., company distributes …
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