AmerisourceBergen (ABC) Offering Possible 35.14% Return Over the Next 30 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 35.14% return on risk over the next 30 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 $1.30 would be kept by the premium seller. The risk of $3.70 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 68.1 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

AmerisourceBergen upgraded by Leerink Partners
Tue, 17 Jan 2017 12:06:57 GMT

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MailMyPrescriptions.com Announces Pharmaceutical Distribution Agreement with AmerisourceBergen
Mon, 09 Jan 2017 18:22:00 GMT
PR Newswire – BOCA RATON, Fla., Jan. 9, 2017 /PRNewswire/ — MailMyPrescriptions.com™, America's first and only wholesale pharmacy service, announced today that it has contracted with AmerisourceBergen for a strategic pharmaceutical distribution agreement. The agreement enables MailMyPrescriptions.com™ to offer its members the same generic prescription drugs offered by Publix and Walgreens, at the same price MailMyPrescriptions.com™ buys the medications from Amerisource Bergen.

AmerisourceBergen Announces Date and Time for First Quarter Fiscal 2017 Earnings Release
Mon, 09 Jan 2017 11:45:00 GMT
Business Wire – AmerisourceBergen Corporation today announced that it plans to release its results for the First Quarter Fiscal 2017 on Tuesday, January 31, 2017 prior to the opening of trading on the New York Stock Exchange.

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