Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 11.11% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $87.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Forest Labs 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 Forest Labs is bullish.
The RSI indicator is at 60.52 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Forest Labs
Forest Laboratories Nabs Pediatric Exclusivity for Namenda
Thu, 19 Jun 2014 16:20:05 GMT
Will Forest Laboratories (FRX) Crush Estimates at Its Next Earnings Report?
Thu, 19 Jun 2014 10:48:17 GMT
Nasdaq, S&P 500 Rally To New Highs After Fed Meeting
Wed, 18 Jun 2014 20:20:00 GMT
FOREST LABORATORIES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events, Financ
Wed, 18 Jun 2014 13:28:48 GMT
8:32 am Forest obtains six months U.S. Pediatric Exclusivity from FDA for NAMENDA and NAMENDA XR
Wed, 18 Jun 2014 12:32:00 GMT
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