Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 5.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 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 $57.50 long put 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Forest Labs
Forest Laboratories, Inc.: Feelings of Deja Vu?
Sun, 02 Feb 2014 15:02:05 GMT
4:07 pm Forest Labs files lawsuit against several companies for infringement of NAMENDA XR patents
Fri, 31 Jan 2014 22:40:55 GMT
Forest Laboratories, Inc. Files Lawsuit Against Several Companies for Infringement of NAMENDA XR® Patents
Fri, 31 Jan 2014 21:05:00 GMT
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
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