Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $237.50 short call and a strike $242.50 long call offers a potential 42.86% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $237.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $242.50 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 20.07 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
David Tepper Takes Big Risks for Big Rewards
Tue, 21 Mar 2017 21:35:40 GMT
Allergan's Dermal Filler for Wrinkle Correction Gets FDA Nod
Tue, 21 Mar 2017 18:58:06 GMT
Editas Get A Vetr Upgrade To Strong Buy
Mon, 20 Mar 2017 20:51:44 GMT
Allergan Is Setting Up Nicely for a Possible Move
Mon, 20 Mar 2017 17:53:00 GMT
7:32 am Allergan receives approval from the FDA to market JUVDERM VOLLURE XC for correction of moderate to severe facial wrinkles and folds
Mon, 20 Mar 2017 11:32:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook