Allergan (AGN) Offering Possible 16.55% Return Over the Next 36 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 $215.00 long put offers a potential 16.55% 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 $225.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $8.58 would be incurred if the stock dropped below the $215.00 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 78.06 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

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Recent FDA measures to curb the alarming U.S. opioid epidemic is hurting some drug stocks.

New migraine drugs have promise — and a $8,500 price tag
Fri, 09 Jun 2017 16:02:31 +0000
They’re the first drugs developed for migraine in a long time. But migraine patients worry they won’t be able to access them.

Valeant Pharmaceuticals: Bigger is Better
Thu, 08 Jun 2017 16:54:00 +0000
Valeant Pharmaceuticals International (VRX) has sold its iNova division for $930 million. Valeant plans to throw the cash from the sale at its debt load, bringing the company within $500 million of it goal of $5 billion in debt reduction by February 2018. Gary Nacham at BMO Capital Markets was pleased to see Valeant “finally execute” on the deal and applauded the company’s aggressive debt reduction strategy.” Still, he notes the sale “does not move the needle on VRX’s net leverage, which remains at a very high 7.8x,” so assets sales “will need to continue and at some point will probably need to be of a much greater magnitude.” Meanwhile, he notes that the deal highlights some challenges for Valeant in executing these asset sales.

Allergan to Buy Keller Funnel, Boost Plastic Surgery Unit
Thu, 08 Jun 2017 14:05:02 +0000
Allergan plc (AGN) announced a deal to acquire privately held medical device company Keller Medical, Inc, which makes Keller Funnel, for an undisclosed amount.

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.

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