Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $62.00 short put and a strike $57.00 long put offers a potential 9.89% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $57.00 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 55.91 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Walgreen
[$$] Activist Investor Scores a Win at Walgreen
Mon, 08 Sep 2014 22:24:29 GMT
The Wall Street Journal – Walgreen, facing mounting pressure from analysts and shareholders, said it is giving activist investor Jana Partners two board seats, a relatively large say for a shareholder with a little more than 1% …
Jana Partners wins Walgreen board seats
Mon, 08 Sep 2014 20:23:58 GMT
Main Street Investors Dial Back Exposure a Touch in August
Mon, 08 Sep 2014 17:49:30 GMT
Jim Cramer's Mad Dash: Walgreens to Benefit From Increased Number of Activist Investors
Mon, 08 Sep 2014 15:32:00 GMT
Obama administration nearing action on tax ‘inversions'
Mon, 08 Sep 2014 15:28:31 GMT
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