Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 5.26% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $82.50 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 47.17 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Forest Labs
How to play big pharma
Tue, 22 Apr 2014 17:10:00 GMT
[$$] Actavis, Forest Labs Get Second FTC Request for Merger Info
Thu, 17 Apr 2014 20:33:59 GMT
Actavis and Forest Laboratories Receive FTC Second Request Under Hart-Scott-Rodino
Thu, 17 Apr 2014 20:05:00 GMT
Actavis and Forest Laboratories Receive FTC Second Request Under Hart-Scott-Rodino
Thu, 17 Apr 2014 20:05:00 GMT
PR Newswire – DUBLIN and NEW YORK, April 17, 2014 /PRNewswire/ — Actavis plc (ACT) and Forest Laboratories, Inc. (FRX) today announced that they have each received a request for additional information from the Federal Trade Commission (“FTC”) in connection with Actavis' pending acquisition of Forest. The information request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). The effect of the second request is to extend the waiting period imposed by the HSR Act until 30 days after Actavis and Forest have substantially complied with the request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC. Actavis and Forest intend to cooperate fully with the FTC and they continue to expect the transaction to close in mid-year 2014.
Actavis and Forest Laboratories Receive FTC Second Request Under Hart-Scott-Rodino
Thu, 17 Apr 2014 20:05:00 GMT
Business Wire – Actavis plc and Forest Laboratories, Inc. today announced that they have each received a request for additional information from the Federal Trade Commission in connection with Actavis’ pending acquisition of Forest.
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