Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 12.36% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 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 $65.00 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 70.94 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 Financials
Wed, 12 Feb 2014 18:04:08 GMT
Cadence Soars on Deal with Mallinckrodt
Wed, 12 Feb 2014 16:25:33 GMT
3 Major Health-Care Deals You Need to Know About
Tue, 11 Feb 2014 19:29:59 GMT
FOREST LABORATORIES INC Files SEC form 10-Q, Quarterly Report
Thu, 06 Feb 2014 22:06:57 GMT
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Tue, 04 Feb 2014 13:02:00 GMT
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