Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 11.86% return on risk over the next 19 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 $0.53 would be kept by the premium seller. The risk of $4.47 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 Walgreen 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 Walgreen is bullish.
The RSI indicator is at 65.5 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Walgreen
Does Walgreen + Alliance Boots Make Sense?
Sat, 31 May 2014 05:08:02 GMT
Walgreen: Great Company, Terrible Price
Thu, 29 May 2014 17:45:58 GMT
TreeHouse Foods appoints Rachel Bishop as New Chief Strategy Officer
Tue, 27 May 2014 20:17:48 GMT
Is Walgreen the Clear-Cut Pharmacy Favorite if It Acquires Alliance Boots?
Mon, 26 May 2014 13:18:11 GMT
CVS Caremark Vs Walgreen: Which Pharmacy Is the Best Buy?
Thu, 22 May 2014 16:00:02 GMT
Also on Market Tamer…
Follow Us on Facebook