Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $327.50 short put and a strike $322.50 long put offers a potential 28.21% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $327.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $322.50 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 up which suggests that the medium-term momentum for Allergan is bullish.
The RSI indicator is at 58.13 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Teva’s Just the Start as More Generic Drugmakers Poised to Merge
Wed, 05 Aug 2015 09:00:00 GMT
Will Allergan's (AGN) Earnings Streak Continue in 2Q? – Analyst Blog
Tue, 04 Aug 2015 22:02:10 GMT
Shire's $30 Billion Baxalta Bid Faces Big Hurdles
Tue, 04 Aug 2015 16:26:00 GMT
How Can Allergan Benefit from the Teva–Allergan Deal?
Tue, 04 Aug 2015 16:07:08 GMT
Akorn Inc's Hi-Tech Pharmacal infringes Allergan glaucoma drug patents
Tue, 04 Aug 2015 14:05:31 GMT
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