Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 12.36% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Forest Labs 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 Forest Labs is bullish.
The RSI indicator is at 61.68 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 Forest Labs
Forest Laboratories, Inc. to Present Data about Aclidinium, Aclidinium/Formoterol Combination, and Roflumilast at the American Thoracic Society International Conference
Fri, 16 May 2014 20:05:00 GMT
Business Wire – Forest Laboratories, Inc. today announced that it will present data on aclidinium, aclidinium/formoterol combination, and roflumilast at the American Thoracic Society 2014 International Conference scheduled for May 16-21, 2014, in San Diego.
Forest Laboratories, Inc. to Present Nebivolol/Valsartan Fixed-Dose Combination Data at the American Society of Hypertension Annual Scientific Meeting
Fri, 16 May 2014 20:05:00 GMT
Business Wire – Forest Laboratories, Inc. today announced that data on an investigational fixed-dose combination of nebivolol and valsartan will be presented at the American Society of Hypertension Annual Scientific Meeting scheduled May 16-20, 2014 in New York.
Actavis has reached attractive entry point, says RBC Capital
Thu, 15 May 2014 13:02:20 GMT
Synergy Pharma Posts Narrower-than-Expected Q1 Loss
Wed, 14 May 2014 14:00:06 GMT
[$$] Forest Labs' Saunders to Head Actavis When Deal Closes
Wed, 14 May 2014 13:31:32 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook