Allergan (AGN) Offering Possible 15.74% Return Over the Next 7 Calendar Days

Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $225.00 short put and a strike $220.00 long put offers a potential 15.74% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $220.00 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 74.87 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

Alkermes Gets FDA Nod for Two Month Dose of Aristada
Wed, 07 Jun 2017 14:54:02 +0000
Alkermes plc (ALKS) announced that the FDA has approved two-month Aristada (aripiprazole lauroxil) extended-release injectable suspension for the treatment of schizophrenia.

Amgen And Allergan Announce FDA Advisory Committee Meeting To Review ABP 215, A Biosimilar Candidate To Bevacizumab
Wed, 07 Jun 2017 13:00:00 +0000
THOUSAND OAKS, Calif., June 7, 2017 /PRNewswire/ — Amgen (AMGN) and Allergan plc. (AGN) today announced that the Oncologic Drugs Advisory Committee of the U.S. Food and Drug Administration (FDA) will review data supporting the Biologics License Application (BLA) for ABP 215, a biosimilar candidate to Avastin® (bevacizumab), on July 13, 2017. “Amgen has a long and proud heritage in oncology, and we are committed to providing physicians and patients a range of high quality therapeutic options,” said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen. The Committee will review analytical, pharmacokinetic and clinical data from studies involving ABP 215, including results from a Phase 3 study in patients with non-squamous non-small cell lung cancer (NSCLC).

Allergan to buy medical device company and breast surgery funnel-maker Keller Medical Inc.
Wed, 07 Jun 2017 12:43:21 +0000
Allergan PLC said early Wednesday that it plans to buy privately-held medical device company Keller Medical Inc., which developed a funnel used during breast surgery procedures. The Keller Funnel, which …

Allergan to Acquire Keller Medical, Inc., Adding Keller Funnel® to Company's Leading Plastic Surgery Portfolio
Wed, 07 Jun 2017 12:30:00 +0000
DUBLIN, June 7, 2017 /PRNewswire/ — Allergan plc (AGN), a leading global pharmaceutical company, today announced that Allergan's wholly-owned subsidiary, Allergan Sales LLC agreed to acquire Keller Medical, Inc., a privately held medical device company and developer of the Keller Funnel®.  The Keller Funnel is a cone-shaped, lubricated plastic funnel that reduces surgeon and patient contact during breast augmentation or reconstruction procedures. Keller Medical launched the original Keller Funnel® in 2009 and the Keller Funnel® 2 in 2014, and hundreds of thousands of funnels have been used in breast augmentation or reconstruction procedures to date globally.

Allergan to Present New Data on Chronic Migraine at the American Headache Society Meeting in Boston
Wed, 07 Jun 2017 11:31:00 +0000
DUBLIN, June 7, 2017 /PRNewswire/ — Allergan plc (NYSE: AGN) today announced that data on Chronic Migraine and the Company's Chronic Migraine treatment will be featured in eight presentations at the upcoming …

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