Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $235.00 short put and a strike $225.00 long put offers a potential 31.58% 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 $235.00 by expiration. The full premium credit of $2.40 would be kept by the premium seller. The risk of $7.60 would be incurred if the stock dropped below the $225.00 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 62.8 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
Teva Surges on Robust Outlook, Allergan Deal
Thu, 14 Jul 2016 05:18:31 GMT
Teva Pharmaceuticals shares up after it raises second-quarter estimates
Wed, 13 Jul 2016 23:28:19 GMT
Ruane Cunniff Comments on Allergan
Wed, 13 Jul 2016 22:27:09 GMT
Teva Forecasts Growth After Expected Actavis Deal Closes
Wed, 13 Jul 2016 20:36:54 GMT
Stocks are mostly higher on Wall Street in afternoon trading
Wed, 13 Jul 2016 19:07:45 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook