Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 18.34% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $8.45 would be incurred if the stock dropped below the $105.00 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 74.12 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 Allergan
Allergan Won’t Seek Further Foothold in Ireland, CEO Pyott Says
Wed, 15 Jan 2014 22:07:05 GMT
Fish & Richardson Wins Patent Infringement Suit for Allergan Over Generic LUMIGAN® 0.01%
Wed, 15 Jan 2014 21:50:00 GMT
PR Newswire – TYLER, Texas, Jan. 15, 2014 /PRNewswire/ — Fish & Richardson announced today that it won an important Hatch-Waxman litigation for client Allergan, Inc. (NYSE: AGN) in a patent infringement suit against …
3 Key Stocks To Watch Today: Illumina, Inc., Allergan, Inc., and Teva Pharmaceutical
Wed, 15 Jan 2014 14:23:58 GMT
Motley Fool – Illumina, Allergan, and Teva could loom large in health care headlines this morning. Here's what you need to know.
Early movers: BAC, GM, CMCSA, AAPL, AET & more
Wed, 15 Jan 2014 12:49:05 GMT
CNBC – These are the stocks posting the largest moves before the bell.
Cramer's Mad Money – The Best Mad Money Pick Ever (1/14/14)
Wed, 15 Jan 2014 11:33:37 GMT
Seeking Alpha – Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday January 14. CEO Interview: Len Shleifer, Regeneron ( REGN )
Related Posts
Also on Market Tamer…
Follow Us on Facebook