CVS’s most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $68.50 short call and a strike $73.50 long call offers a potential 35.87% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.50 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $73.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CVS 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 CVS is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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 CVS
Here Are the Five Worst Retail Stocks of 2020
Thu, 24 Dec 2020 16:59:00 +0000
Monro, an auto parts and services retailer, lost a third of its market value. Walgreens, Ralph Lauren, CVS, and Urban Outfitters round out the sectorâ€™s worst performers.
Top 10 Retail Stocks to Buy Now
Thu, 24 Dec 2020 03:09:17 +0000
In this article weâ€™ll delve into the Top 10 Retail Stocks to Buy Now. To jump straight to the best investment ideas in the space, check outÂ the Top 5 Retail Stocks to Buy Now. The retail landscape is in the midst of unprecedented upheaval due to the ongoing coronavirus pandemic. Supply chains have been challenged, [â€¦]
CVS Health (CVS) Outpaces Stock Market Gains: What You Should Know
Wed, 23 Dec 2020 22:45:10 +0000
In the latest trading session, CVS Health (CVS) closed at $68.01, marking a +1.18% move from the previous day.
The U.S. Is Suing Walmart Over the Opioid Crisis. What That Means for the Stock.
Wed, 23 Dec 2020 15:30:00 +0000
The U.S. Department of Justice has sued Walmart, alleging the retail giant played a role in Americaâ€™s opioid crisis. The DOJ alleges that lack of adequate staff at (WMT) pharmacies and manager pressure enabled the fulfillment of suspicious orders on a wide scale. According to the suit, these decisions, which the DOJ says were motivated by profit, led to Walmart dispensing these drugs illegitimatelyâ€”a violation of the Controlled Substances Actâ€”and thus played a role in the opioid crisis.
Know Accounts Receivable and Inventory Turnover
Wed, 23 Dec 2020 15:25:20 +0000
Two of the most important are accounts receivable and inventory turnover; two ratios in the current assets category. Accounts receivable turnover, or A/R turnover, is calculated by dividing a firmâ€™s sales by its accounts receivable. A firm that is very good at collecting on its credit will have a higher accounts receivable turnover ratio.
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