Allergan (AGN) Offering Possible 44.09% Return Over the Next 23 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $217.50 short call and a strike $222.50 long call offers a potential 44.09% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $217.50 by expiration. The full premium credit of $1.53 would be kept by the premium seller. The risk of $3.47 would be incurred if the stock rose above the $222.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Allergan 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 Allergan is bearish.

The RSI indicator is at 43.15 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

After hours buzz: CREE, STX, AGN & more
Tue, 24 Jan 2017 22:44:08 GMT
CNBC – Check out Tuesday's after hours buzz: CREE, STX, CXO & more

Drugmakers Plan Huge Deals in 2017 — and Banks Will Collect Big Fees
Tue, 24 Jan 2017 22:32:00 GMT

Endo Resolves FTC Antitrust Suit, But Allergan Hanging; Stocks Mixed
Mon, 23 Jan 2017 21:27:03 GMT

Allergan Stock is Still Struggling Amid FTC Ruling
Mon, 23 Jan 2017 19:49:00 GMT

FTC settles pay-for-delay lawsuit, files two related complaints
Mon, 23 Jan 2017 19:42:58 GMT
Reuters – The U.S. Federal Trade Commission said on Monday it had settled allegations that Endo Pharmaceuticals violated antitrust law when it agreed to pay rivals Watson Laboratories and Impax to delay introducing generic versions of two painkillers. The FTC filed charges against Watson, and Allergan Plc , accusing it of breaking the law by reaching an agreement with Endo to block a generic competitor for the local anesthetic Lidoderm. The FTC also filed an administrative complaint against Impax, saying it reached an illegal agreement with Endo in 2010 to prevent Impax from marketing a generic copy of Endo's painkiller Opana ER.

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