WellPoint's most recent trend suggests a bearish bias. One trading opportunity on WellPoint is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 9.05% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $9.17 would be incurred if the stock rose above the $110.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for WellPoint is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for WellPoint is bearish.
The RSI indicator is at 31.01 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 WellPoint
Express Scripts' Obamacare Data: What You Need to Know
Mon, 14 Apr 2014 12:42:43 GMT
Push by Insurers on Obamacare Premiums Tops Burwell Challenges
Sat, 12 Apr 2014 04:00:01 GMT
Why Dividend Investors Should Consider UnitedHealth Group, Inc.
Fri, 11 Apr 2014 18:33:10 GMT
Updated Research Report on Health Net
Thu, 10 Apr 2014 20:30:06 GMT
Obamacare enrollment to surpass 7.5 million -U.S. official
Thu, 10 Apr 2014 18:58:02 GMT
Reuters – More than 7.5 million people are expected to sign up for private health coverage this year under President Barack Obama's healthcare law, the top U.S. health official said on Thursday. The number, which surpasses the 7.1 million total Obama announced just last week, includes 400,000 people allowed to sign up for private health plans through a federal marketplace after a March 31 deadline because they had not been able to complete their enrollment applications on time. “We expect that to continue to grow,” said U.S. Health and Human Services Secretary Kathleen Sebelius, who released the latest figures during testimony before the Senate Finance Committee. Sebelius said traffic on HealthCare.gov, the federal enrollment website for consumers in 36 states, surged to 4.8 million visitors on March 31.
Also on Market Tamer…
Follow Us on Facebook