Allergan (AGN) Offering Possible 26.26% Return Over the Next 22 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 26.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $230.00 long call 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 below 20 which suggests that the stock is in oversold territory.

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

Kristin Chenoweth Kicks Off ‘Less Red, More You' Campaign To Launch RHOFADE™ (Oxymetazoline HCL) Cream, 1%
Tue, 23 May 2017 22:09:00 +0000
DUBLIN, May 23, 2017 /PRNewswire/ — Allergan plc, (AGN), a leading global pharmaceutical company, announced that Emmy® and Tony® award-winning actress and singer, Kristin Chenoweth will kick off the “Less Red, More You” campaign today at an exclusive event in New York City. “As a performer who is constantly on stage or in front of the camera, it's important that I take care of my skin, but unfortunately, persistent facial redness from rosacea is something I've struggled with every day for years,” said Chenoweth.

Allergan Announces Pricing of Public Offering of Senior Notes to Refinance Existing Debt
Tue, 23 May 2017 21:30:00 +0000
DUBLIN, May 23, 2017 /PRNewswire/ — Allergan plc (NYSE: AGN) today announced that it has priced an offering of €2.7 billion aggregate principal amount of senior unsecured notes (the “Notes”) …

The biggest CEO pay raises and pay cuts of 2016
Tue, 23 May 2017 19:01:52 +0000
Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm. ___ Top raises: ___ 1. Hock Tan Broadcom …

Has Allergan's Pullback Run Its Course?
Tue, 23 May 2017 17:26:00 +0000
We make our case.

Allergan Funding SCS — Moody's assigns Baa3 to Allergan's euro notes; stable outlook
Tue, 23 May 2017 14:51:09 +0000
Rating Action: Moody's assigns Baa3 to Allergan's euro notes; stable outlook. Global Credit Research- 23 May 2017. New York, May 23, 2017– Moody's Investors Service assigned a Baa3 rating to the new euro-denominated …

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