Allergan (AGN) Offering Possible 35.14% Return Over the Next 25 Calendar Days

Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $245.00 short put and a strike $240.00 long put offers a potential 35.14% 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 $245.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $240.00 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 78.16 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

Investors scrap for Teva Pharmaceutical bonds
Fri, 22 Jul 2016 14:31:56 GMT
Reuters – Teva Pharmaceutical raised more than US$20bn across three currencies this week via an acquisition-driven bond that took advantage of pent-up demand for corporate paper in a yield-starved market. Investors had been making space for the well-telegraphed deal ever since Teva announced its US$40.5bn acquisition of Allergan Generics earlier in the year, while declining rates across the developed world and a lack of recent supply in the US and European markets added impetus to the transaction. In Europe, Teva issued bonds that priced up to 35bp inside its secondary curve – and those outstanding bonds, in turn, tightened by an incredible 40bp during the execution process.

Amgen and Allergan Study Finds Biosimilar Comparable to Herceptin
Thu, 21 Jul 2016 16:07:30 GMT

Amgen (AMGN) Stock Rises on ‘Non-Inferior' Late-Stage Trial Results
Thu, 21 Jul 2016 15:25:00 GMT

Valeant & Endo: Imagining a World With No Drug Pricing Controversies
Thu, 21 Jul 2016 14:39:00 GMT

Amgen, Allergan biosimilar found as effective as Roche cancer drug
Thu, 21 Jul 2016 14:16:39 GMT
Reuters – Amgen Inc and Allergan Plc said their copycat version of Roche Holding AG's blockbuster cancer treatment, Herceptin, was found as effective as the original in a late-stage study. There were no “clinically meaningful” differences in data gathered from patients given Herceptin and the copycat version, ABP 980, to treat a type of early breast cancer, said Sean Harper, Amgen's executive vice president of research and development.

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