Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $150.00 short put and a strike $140.00 long put offers a potential 9.89% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock dropped below the $140.00 long put 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 up which suggests that the medium-term momentum for Allergan is bullish.
The RSI indicator is at 28.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
[$$] SEC Examines Pursuit of Allergan by Valeant, Ackman
Fri, 15 Aug 2014 11:02:20 GMT
The Wall Street Journal – Federal regulators are looking into whether a hostile offer jointly pursued by Valeant and activist investor William Ackman to acquire Allergan violates securities laws, according to people familiar with …
Paulson Wagers on Allergan Bid as Ackman Defends Tactics
Fri, 15 Aug 2014 04:00:01 GMT
Top hedge funds flocked to Allergan amid bid backed by Ackman
Fri, 15 Aug 2014 01:00:11 GMT
Top hedge funds flocked to Allergan amid bid backed by Ackman
Fri, 15 Aug 2014 00:34:59 GMT
Reuters – Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan …
SEC is investigating bid by Valeant and Bill Ackman for Allergan
Thu, 14 Aug 2014 23:44:00 GMT
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