AmerisourceBergen (ABC) Offering Possible 11.11% Return Over the Next 27 Calendar Days

AmerisourceBergen's most recent trend suggests a bullish bias. One trading opportunity on AmerisourceBergen is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 11.11% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $77.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for AmerisourceBergen 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 AmerisourceBergen is bullish.

The RSI indicator is at 51.46 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 AmerisourceBergen

Hedge Funds Are Getting Bullish On AmerisourceBergen Corporation (ABC)
Thu, 19 Mar 2020 04:28:46 +0000
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Philadelphia-area stocks demolished by Wall Street's record sell-off
Mon, 16 Mar 2020 23:01:57 +0000
The widespread destruction cost eight of the area’s 25 largest publicly traded companies at least 20% of their stock value.

The Zacks Analyst Blog Highlights: PulteGroup, D.R. Horton, Sempra Energy, Atmos Energy and AmerisourceBergen
Mon, 16 Mar 2020 14:04:02 +0000
The Zacks Analyst Blog Highlights: PulteGroup, D.R. Horton, Sempra Energy, Atmos Energy and AmerisourceBergen

Fed to Cut Rates Near Zero to Fight Coronavirus: 5 Winners
Fri, 13 Mar 2020 13:10:01 +0000
Investors are now pricing in at least a 67% chance of a 75-basis point rate cut next week, a move that would lower the Fed's target rate to a range of 0.25-1%.

Zacks.com featured highlights include: CAR, ABC, ADM, DXC and DDS
Thu, 12 Mar 2020 15:05:03 +0000
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