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 13.9% return on risk over the next 18 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 $0.61 would be kept by the premium seller. The risk of $4.39 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 61.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
Walgreen Is After Global Drugstore Domination – Is That Good For Investors?
Tue, 03 Jun 2014 19:02:59 GMT
Walgreens Launches Nationwide Program Offering Talking Prescription Devices for Customers with Visual Impairments
Tue, 03 Jun 2014 14:30:00 GMT
Business Wire – Walgreens, the nation’s largest drugstore chain , today announced the launch of a nationwide program offering talking prescription devices to customers with visual impairments.
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
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