Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 16.55% 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 $75.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $70.00 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 71.57 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
Fri, 26 Dec 2014 22:52:57 GMT
AP – ___ Ruble collapse shakes Russian economy, consumer Russian President Vladimir Putin faces a major challenge after a catastrophic fall in the value of the ruble, which hit a new low Tuesday despite the …
As Walgreens Cuts Costs, Store Corners May Change
Fri, 26 Dec 2014 14:00:00 GMT
U.S. equity markets end mostly higher on this abbreviated trading session
Wed, 24 Dec 2014 19:36:00 GMT
Taser and Walgreen are big market movers
Wed, 24 Dec 2014 18:37:18 GMT
Barclays Raises Walgreen Price Target Following Q1 Print
Wed, 24 Dec 2014 16:06:12 GMT
Also on Market Tamer…
Follow Us on Facebook