AmerisourceBergen (ABC) Offering Possible 8.7% Return Over the Next 14 Calendar Days

AmerisourceBergen's most recent trend suggests a bullish bias. One trading opportunity on AmerisourceBergen is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 8.7% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $90.00 long put strike price.

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

The RSI indicator is at 63.72 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 AmerisourceBergen

AmerisourceBergen Increases Dividend 17 Percent
Fri, 06 Nov 2015 11:45:00 GMT
Business Wire – The Board of Directors of AmerisourceBergen Corporation today increased the Company’s quarterly dividend rate 17 percent to $0.34 per common share from $0.29 per common share.

6:45 am AmerisourceBergen increases qtrly dividend 17% to $0.34 from $0.29/share
Fri, 06 Nov 2015 11:45:00 GMT

3 Reasons Why AmerisourceBergen (ABC) is a Great Value Stock
Thu, 05 Nov 2015 13:35:01 GMT

AMERISOURCEBERGEN CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
Wed, 04 Nov 2015 21:06:55 GMT

Turkey's Fibabanka joins race for HSBC's Turkish unit -sources
Wed, 04 Nov 2015 09:20:46 GMT

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