Allergan (AGN) Offering Possible 16.28% 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 $272.50 short put and a strike $267.50 long put offers a potential 16.28% 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 $272.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $267.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Allergan is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Allergan is bearish.

The RSI indicator is at 41.86 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

FDA Accepts Supplemental New Drug Application (sNDA) for DALVANCE® (dalbavancin)
Fri, 09 Oct 2015 11:01:00 GMT
PR Newswire – DUBLIN, Oct. 9, 2015 /PRNewswire/ — Allergan plc (AGN) announced that the U.S. Food and Drug Administration (FDA) has accepted for filing Allergan's supplemental New Drug Application (sNDA). This filing will expand the label to include single-dose administration of DALVANCE® (dalbavancin) for the treatment of acute bacterial skin and skin structure infections (ABSSSI) in adults caused by designated susceptible Gram-positive bacteria, including methicillin-resistant Staphylococcus aureus (MRSA). “With the FDA's acceptance of this supplemental application, Allergan is one step closer to providing a single-dose option of DALVANCE which may provide more flexibility to manage serious skin infections in an outpatient setting,” said David Nicholson, Executive Vice President and President Global Brands Research and Development, Allergan.

Allergan To Host R&D Day And Third Quarter 2015 Conference Call And Webcast November 4
Thu, 08 Oct 2015 20:46:18 GMT
noodls – DUBLIN, Oct. 8, 2015 /PRNewswire/ — Allergan plc (NYSE: AGN), a leading global pharmaceutical company, today announced that it will hold its R&D Day on November 4, from 11:00 a.m. to 4:00 p.m. ET (8:00 …

Drug costs need to be US priority: CEO
Thu, 08 Oct 2015 20:42:00 GMT

Allergan To Host R&D Day And Third Quarter 2015 Conference Call And Webcast November 4
Thu, 08 Oct 2015 20:15:00 GMT
PR Newswire – DUBLIN, Oct. 8, 2015 /PRNewswire/ — Allergan plc (NYSE: AGN), a leading global pharmaceutical company, today announced that it will hold its R&D Day on November 4, from 11:00 a.m. to 4:00 p.m. ET (8:00 …

Hot Political Rhetoric Hammers Specialty Pharmaceuticals: 3 to Buy Now
Thu, 08 Oct 2015 14:15:47 GMT

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