Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $250.00 short call and a strike $255.00 long call offers a potential 37.74% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $250.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $3.63 would be incurred if the stock rose above the $255.00 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 75.62 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Facing Criticism, Drug Makers Keep Lid On Price Increases
Mon, 27 Feb 2017 06:51:36 GMT
The Wall Street Journal – Pharmaceutical companies held most of their traditional January list-price increases to under 10% this year, although the median boost was little-changed from 2016. Among the critics they face now is President …
Drug Companies Keep Lid on Price Increases
Mon, 27 Feb 2017 01:03:02 GMT
The Wall Street Journal – Facing mounting criticism about prices, drug companies put some limits on their increases this year.
Insider Q&A: Allergan CEO on impact of limiting price hikes
Sun, 26 Feb 2017 17:28:25 GMT
Insider Q&A: Allergan CEO on impact of limiting price hikes
Sun, 26 Feb 2017 17:28:16 GMT
ALLERGAN PLC Files SEC form 10-K, Annual Report
Fri, 24 Feb 2017 22:13:24 GMT
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