AmerisourceBergen's most recent trend suggests a bearish bias. One trading opportunity on AmerisourceBergen is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 16.28% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $6.45 would be incurred if the stock rose above the $105.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for AmerisourceBergen 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 AmerisourceBergen is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for AmerisourceBergen
AMERISOURCEBERGEN CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Fina
Wed, 07 Oct 2015 20:30:29 GMT
AmerisourceBergen (ABC) Acquires PharMEDium for $2.6B
Wed, 07 Oct 2015 20:00:08 GMT
Will AmerisourceBergen (ABC) Stock be Helped by Purchase of PharMEDium?
Wed, 07 Oct 2015 14:22:00 GMT
Business Watch
Wed, 07 Oct 2015 04:41:01 GMT
AmerisourceBergen to buy PharMEDium for $2.58 bln
Tue, 06 Oct 2015 21:22:44 GMT
Reuters – Drug distributor AmerisourceBergen Corp agreed to buy PharMEDium Healthcare Holdings Inc for $2.58 billion from private equity firm Clayton, Dubilier & Rice, expanding its business of supplying compounded …
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