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 38.89% return on risk over the next 7 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 $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock rose above the $302.50 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 41.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Ackman: I'm more bullish on the markets than Tepper
Fri, 11 Sep 2015 11:05:14 GMT
Judge rounds on Pfizer in UK blockbuster patent case
Thu, 10 Sep 2015 22:46:33 GMT
Financial Times – Pfizer has been accused by a UK judge of making “groundless threats” against doctors and pharmacists after losing a landmark patent case that will open its blockbuster Lyrica pain medicine to …
Allergan And Perrigo Receive FDA Approval Of Three Extended Release Products Equivalent To Mucinex® And Mucinex® DM
Thu, 10 Sep 2015 20:46:13 GMT
noodls – Allergan And Perrigo Receive FDA Approval Of Three Extended Release Products Equivalent To Mucinex® And Mucinex® DM
Allergan And Perrigo Receive FDA Approval Of Three Extended Release Products Equivalent To Mucinex® And Mucinex® DM
Thu, 10 Sep 2015 20:34:00 GMT
PR Newswire – DUBLIN, Sept. 10, 2015 /PRNewswire/ — Allergan plc (NYSE: AGN) and its partner Perrigo Company plc (NYSE: PRGO; TASE) announced today that Allergan has received U.S. Food and Drug Administration (FDA) approval …
Apricus Biosciences (ARPI) Stock Climbs Following Allergan License Agreement
Thu, 10 Sep 2015 18:47:00 GMT
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