Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 9.89% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 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 $160.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Allergan 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 Allergan is bullish.
The RSI indicator is at 68.28 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Stocks Rise, Turn Positive Going Into Final Hour
Fri, 05 Sep 2014 19:16:00 GMT
Allergan OKs Special Shareholder Meeting Consents
Fri, 05 Sep 2014 14:37:00 GMT
[$$] Allergan Approves Special-Meeting Requests
Thu, 04 Sep 2014 23:28:44 GMT
Allergan Provides Update on Written Requests from Pershing Square Regarding Special Meeting of Stockholders
Thu, 04 Sep 2014 23:10:00 GMT
Business Wire – Allergan, Inc. today provided an update regarding the validity of the written requests from Allergan stockholders that were delivered by Pershing Square Capital Management, L.P.
John Paulson & Co. add a significant new position in Allergan
Wed, 03 Sep 2014 17:56:05 GMT
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