Allergan (AGN) Offering Possible 29.87% Return Over the Next 17 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $237.50 short call and a strike $242.50 long call offers a potential 29.87% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $237.50 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $242.50 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 at 40.21 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

2:15 am Allergan and AstraZeneca (AZN) enter licensing agreement for AGN to obtain worldwide rights to MEDI2070
Tue, 04 Oct 2016 06:15:00 GMT

Why Allergan, eBay, Dynavax, KBR, and More Are Trending
Mon, 03 Oct 2016 15:33:36 GMT

$1.5B deal: AstraZeneca licenses experimental Crohn's disease drug to Allergan
Mon, 03 Oct 2016 15:05:11 GMT

Botox-maker Allergan just struck another billion-dollar deal
Mon, 03 Oct 2016 14:45:27 GMT

Allergan's New Products And Robust R&D Pipeline Support A Positive Long-Term View
Mon, 03 Oct 2016 14:31:32 GMT

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