AmerisourceBergen (ABC) Offering Possible 9.49% Return Over the Next 10 Calendar Days

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 9.49% return on risk over the next 10 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 $0.65 would be kept by the premium seller. The risk of $6.85 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.

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 Announces Date and Time for Fourth Quarter and Fiscal Year End Earnings Release
Tue, 06 Oct 2015 11:04:07 GMT
noodls – AmerisourceBergen Announces Date and Time for Fourth Quarter and Fiscal Year End Earnings Release

AmerisourceBergen to Acquire PharMEDium Healthcare Holdings, Inc.
Tue, 06 Oct 2015 11:00:00 GMT
Business Wire – AmerisourceBergen today announced that it has signed a definitive agreement to purchase PharMEDium Healthcare Holdings, Inc., the privately held leading national provider of outsourced compounded sterile preparations to acute care hospitals in the United States, from Clayton, Dubilier & Rice for $2.575 billion in cash, subject to certain adjustments and on a cash-free, debt-free basis.

AmerisourceBergen Announces Date and Time for Fourth Quarter and Fiscal Year End Earnings Release
Tue, 06 Oct 2015 10:45:00 GMT
Business Wire – AmerisourceBergen Corporation today announced that it plans to release its results for the 2015 Fourth Quarter and Fiscal Year End on Thursday, October 29, 2015 prior to the opening of trading on the New York Stock Exchange.

Morgan Stanley Sees Drug Pricing Still An Overhang For Diplomat, AmerisourceBergen
Fri, 02 Oct 2015 12:12:17 GMT

10 New Stocks to Trade Like Hedge Fund Renaissance Technologies
Fri, 25 Sep 2015 14:31:00 GMT

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