Allergan (AGN) Offering Possible 35.14% Return Over the Next 8 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $297.50 short call and a strike $302.50 long call offers a potential 35.14% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $297.50 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 rose above the $302.50 long call 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 down which suggests that the medium-term momentum for Allergan is bearish.

The RSI indicator is at 36.75 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

Allergan Announces Agreement with Amneal Related to NAMENDA XR® Patent Litigation
Thu, 10 Sep 2015 11:00:00 GMT
PR Newswire – DUBLIN, Sept. 10, 2015 /PRNewswire/ — Allergan plc (AGN), today announced that its subsidiaries Forest Laboratories, LLC and Forest Laboratories Holdings, Ltd., along with Adamas Pharmaceuticals, Inc., have entered into a settlement agreement with Amneal Pharmaceuticals LLC and related companies and subsidiaries. The settlement relates to a patent infringement litigation brought by Forest and Adamas in response to Amneal's abbreviated new drug application (ANDA) seeking approval to market generic versions of Allergan's NAMENDA XR® (memantine hydrochloride) extended release capsules. It is Allergan's understanding that Amneal is the first applicant to file an ANDA containing a paragraph IV certification regarding NAMENDA XR.

Allergan Issues Voluntary Nationwide Recall in the U.S. of Specific Lots of REFRESH® Lacri-Lube®, REFRESH P.M. ®, FML® (fluorometholone ophthalmic ointment) 0.1%, and Blephamide® (sulfacetamide sodium and prednisolone acetate ophthalmic oin
Thu, 10 Sep 2015 09:56:12 GMT
noodls – FOR IMMEDIATE RELEASE – DUBLIN, IRELAND – Aug. 24, 2015 – Allergan plc, today announced that it is conducting a voluntary recall down to consumer level of specific lots of its REFRESH® Lacri-Lube® 3.5g …

U.S. FDA Accepts BOTOX® (onabotulinumtoxinA) Resubmission for the Treatment of Lower Limb Spasticity in Adults
Thu, 10 Sep 2015 09:16:04 GMT
noodls – DUBLIN, Aug. 20, 2015 /PRNewswire/ — Allergan plc (NYSE: AGN), a leading global pharmaceutical company today announced that the U.S. Food and Drug Administration (FDA) has accepted the company's resu… …

Allergan and Gedeon Richter Plc. to Present Data from Cariprazine trials at European College of Neuropsychopharmacology (ECNP) Annual Meeting in Amsterdam
Thu, 10 Sep 2015 09:16:04 GMT
noodls – DUBLIN and BUDAPEST, Hungary, Aug. 25, 2015 /PRNewswire/ — Allergan plc (NYSE: AGN) and Gedeon Richter Plc today announced they will present data on the investigational drug cariprazine in patients with …

Allergan to Acquire Glaucoma Treatment Company AqueSys to Add Minimally Invasive Implantable Shunt to Eye Care Offering
Thu, 10 Sep 2015 08:56:26 GMT
noodls – 09.03.2015 | Investors – Acquisition Adds Global Rights to XEN45, a Minimally Invasive Best-In-Class Implantable Shunt for Glaucoma — – XEN45 Approved in Global Markets; Late-Stage Development in the …

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