Allergan (AGN) Offering Possible 41.24% Return Over the Next 28 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $240.00 short call and a strike $245.00 long call offers a potential 41.24% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $240.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $3.54 would be incurred if the stock rose above the $245.00 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 22.5 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

After Trump rally, equity investors move into healthcare, retailers
Fri, 24 Mar 2017 05:00:00 GMT
Reuters – High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains. Fund managers from Poplar Forest, Parnassus Investments and Brandes Investment Partners are among the 2017 Lipper Award winners who are concerned about the high valuation of the benchmark S&P 500 index. With a forward price-to-earnings ratio above 18, the index is at the high end of its historical range.

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Thu, 23 Mar 2017 22:31:48 GMT

Insys Therapeutics' Syndros Gets Final DEA Rule
Thu, 23 Mar 2017 15:24:00 GMT

Allergan's Restasis Now Available in Multidose Bottle in U.S.
Thu, 23 Mar 2017 14:19:02 GMT

Buyback ETF Steady As Repurchases Decline
Thu, 23 Mar 2017 13:20:55 GMT

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