Mylan's most recent trend suggests a bearish bias. One trading opportunity on Mylan is a Bear Call Spread using a strike $55.00 short call and a strike $65.00 long call offers a potential 15.74% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $8.64 would be incurred if the stock rose above the $65.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Mylan 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 Mylan is bearish.
The RSI indicator is at 74.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Mylan
MYLAN INC. Files SEC form 8-K, Change in Directors or Principal Officers
Fri, 07 Mar 2014 22:17:53 GMT
Is Mylan a Good Buy?
Fri, 07 Mar 2014 19:31:58 GMT
Stock Market Closes Mixed; Ambarella Tops Expectations
Thu, 06 Mar 2014 22:00:00 GMT
Stock Market Closes Mixed; Medical Leaders Drop
Thu, 06 Mar 2014 21:13:00 GMT
MYLAN INC. Financials
Thu, 06 Mar 2014 18:04:38 GMT
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