Forest Labs's most recent trend suggests a bearish bias. One trading opportunity on Forest Labs is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 11.11% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $72.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Forest Labs 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 Forest Labs is bearish.
The RSI indicator is at 32.93 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Forest Labs
FOREST LABORATORIES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Tue, 28 Jan 2014 11:03:07 GMT
Forest Laboratories, Inc. — Moody's rates Forest Lab's new senior notes Ba1
Mon, 27 Jan 2014 23:27:04 GMT
7:05 am Forest Labs proposed offering of $1.8 bln senior unsecured fixed rate notes in two tranches, with one tranche due 2019 and the other tranche due 2021
Mon, 27 Jan 2014 23:24:54 GMT
Forest Laboratories, Inc. Prices Offering of $1.8 Billion in Senior Notes
Mon, 27 Jan 2014 23:05:00 GMT
Business Wire – Forest Laboratories, Inc. today announced it priced a private placement offering $1.8 billion aggregate principal amount of senior unsecured note
Forest Said to Plan $1.8 Billion of Bonds in Two Parts
Mon, 27 Jan 2014 23:04:42 GMT
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