Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $73.50 short put and a strike $68.50 long put offers a potential 28.87% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $73.50 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $3.88 would be incurred if the stock dropped below the $68.50 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 71.53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
[$$] Checking Walgreen’s Vital Signs
Tue, 23 Dec 2014 05:19:03 GMT
The Wall Street Journal – Ahead of the Tape: Walgreen’s shareholders appear to have forgiven it for earlier missteps, but it may take more concrete results for them to maintain their cheer.
Cramer: Competition a killer
Mon, 22 Dec 2014 23:00:00 GMT
New York City is looking more like a suburb
Mon, 22 Dec 2014 21:40:13 GMT
Walgreen Lags CVS Health, but Both Are Technically Overbought
Mon, 22 Dec 2014 18:34:00 GMT
Dealpolitik: Four M&A Lessons from 2014
Mon, 22 Dec 2014 16:38:55 GMT
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