Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 21.95% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $8.20 would be incurred if the stock dropped below the $150.00 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 46.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
[$$] Valeant Raises Bid for Allergan to $49.4 Billion
Wed, 28 May 2014 13:22:40 GMT
Valeant's raised Allergan bid may not be enough, says Wells Fargo
Wed, 28 May 2014 13:19:50 GMT
Valeant raises Allergan bid
Wed, 28 May 2014 13:19:00 GMT
Valeant injects cash into bid for botox maker
Wed, 28 May 2014 13:16:16 GMT
Valeant boosts cash part of Allergan bid by $10 a share
Wed, 28 May 2014 13:14:45 GMT
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