Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 7.53% 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 $110.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock dropped below the $100.00 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 74.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Allergan Won’t Seek Further Foothold in Ireland, CEO Pyott Says
Wed, 15 Jan 2014 22:07:05 GMT
Fish & Richardson Wins Patent Infringement Suit for Allergan Over Generic LUMIGAN® 0.01%
Wed, 15 Jan 2014 21:50:00 GMT
PR Newswire – TYLER, Texas, Jan. 15, 2014 /PRNewswire/ — Fish & Richardson announced today that it won an important Hatch-Waxman litigation for client Allergan, Inc. (NYSE: AGN) in a patent infringement suit against …
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Wed, 15 Jan 2014 11:33:37 GMT
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