AmerisourceBergen (ABC) Offering Possible 7.53% Return Over the Next 24 Calendar Days

AmerisourceBergen's most recent trend suggests a bullish bias. One trading opportunity on AmerisourceBergen is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 7.53% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $95.00 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 70.22 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

Drug distributor AmeriSourceBergen authorizes $2.4 billion share buyback
Mon, 21 Sep 2015 21:29:16 GMT

Drug distributor AmeriSourceBergen authorizes $2.4 bln share buyback
Mon, 21 Sep 2015 21:12:37 GMT

AmerisourceBergen Announces New Special Share Repurchase Program to Further Enable Execution of Warrant Hedging Strategy
Mon, 21 Sep 2015 21:05:13 GMT
noodls – VALLEY FORGE, Pa.–(BUSINESS WIRE)–Sep. 21, 2015– AmerisourceBergen Corporation (NYSE: ABC) today announced that its Board of Directors has authorized a special $2.4 billion share repurchase program …

AmerisourceBergen Announces New Special Share Repurchase Program to Further Enable Execution of Warrant Hedging Strategy
Mon, 21 Sep 2015 20:34:00 GMT
Business Wire – AmerisourceBergen Corporation today announced that its Board of Directors has authorized a special $2.4 billion share repurchase program intended to further enable the execution of the Company’s previously announced warrant hedging strategy.

4:34 pm AmerisourceBergen authorizes a special $2.4 billion share repurchase program, intended to enable the execution of its warrant hedging strategy
Mon, 21 Sep 2015 20:34:00 GMT

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