WellPoint’s most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 11.86% 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 $90.00 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 $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for WellPoint 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 WellPoint is bullish.
The RSI indicator is at 78.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for WellPoint
WellPoint Downgraded to Neutral
Mon, 25 Nov 2013 18:40:02 GMT
Insurers Will Help Enroll Obamacare Customers in 3 States
Sat, 23 Nov 2013 00:36:20 GMT
Bloomberg – Insurers in the three of the largest states relying on the federal health-care website are set to help the government bypass technical issues and sign up customers in health plans, the U.S. said.
How Will Health Law Affect Business? CEOs Weigh In
Thu, 21 Nov 2013 20:08:50 GMT
WELLPOINT, INC Files SEC form 8-K, Regulation FD Disclosure
Thu, 21 Nov 2013 11:11:09 GMT
State Insurance Heads Snub Obama on Policy Cancellations
Thu, 21 Nov 2013 05:01:00 GMT
Bloomberg – Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to keep medical plans that don’t meet the requirements …
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