Mylan (MYL) Offering Possible 8.93% Return Over the Next 22 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 8.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mylan 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 Mylan is bullish.

The RSI indicator is at 46.92 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 Mylan

Mylan Launches First Generic Version of Vivelle-DOT®
Mon, 22 Dec 2014 12:54:41 GMT
noodls – PITTSBURGH , Dec. 22, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced the U.S. launch of its Estradiol Transdermal System USP, 0.025 mg/day, 0.0375 mg/day, 0.05 mg/day, 0.075 mg/day, and …

Mylan Launches First Generic Version of Vivelle-DOT®
Mon, 22 Dec 2014 12:30:00 GMT
PR Newswire – PITTSBURGH, Dec. 22, 2014 /PRNewswire/ — Mylan Inc. (MYL) today announced the U.S. launch of its Estradiol Transdermal System USP, 0.025 mg/day, 0.0375 mg/day, 0.05 mg/day, 0.075 mg/day, and 0.1 mg/day (Twice Weekly), which is the generic version of Novartis' Vivelle-DOT®. Mylan CEO Heather Bresch commented: “The approval of Mylan's Estradiol Transdermal System USP represents our seventh U.S. transdermal product launch and strengthens the company's growing portfolio of women's health products. Estradiol Transdermal System USP, 0.025 mg/day, 0.0375 mg/day, 0.05 mg/day, 0.075 mg/day, and 0.1 mg/day (Twice Weekly), had U.S. sales of approximately $262.5 million for the 12 months ending September 30, 2014, according to IMS Health. Currently, Mylan has 285 ANDAs pending FDA approval representing $111.3 billion in annual brand sales, according to IMS Health.

How traders are protecting Mylan
Fri, 19 Dec 2014 11:16:03 GMT

Mylan to Present at the J.P. Morgan 33rd Annual Healthcare Conference
Wed, 17 Dec 2014 14:14:54 GMT
noodls – PITTSBURGH , Dec. 17, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL), one of the world's leading generic and specialty pharmaceutical companies, today announced that the Company will present at the J.P. …

Mylan to Present at the J.P. Morgan 33rd Annual Healthcare Conference
Wed, 17 Dec 2014 14:00:00 GMT
PR Newswire – PITTSBURGH, Dec. 17, 2014 /PRNewswire/ — Mylan Inc. (MYL), one of the world's leading generic and specialty pharmaceutical companies, today announced that the Company will present at the J.P. Morgan 33rd Annual Healthcare Conference on Tuesday Jan. 13, 2015, in San Francisco. The presentation is scheduled to begin at 7:30 p.m. ET on Tuesday Jan. 13, 2015. Interested parties can access a live webcast of the presentation via the investor relations section of Mylan's Web site at www.mylan.com/investor. An archived version will also be available following the live presentation and can be accessed at the same location for a limited time. Mylan is a global pharmaceutical company committed to setting new standards in health care.

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