Mylan (MYL) Offering Possible 19.66% Return Over the Next 32 Calendar Days

Mylan's most recent trend suggests a bearish bias. One trading opportunity on Mylan is a Bear Call Spread using a strike $48.00 short call and a strike $55.00 long call offers a potential 19.66% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $5.85 would be incurred if the stock rose above the $55.00 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 37.51 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 Mylan

Mylan Announces Settlement Agreement for First-to-File Generess® Fe
Tue, 15 Apr 2014 14:20:00 GMT
PR Newswire – PITTSBURGH, April 15, 2014 /PRNewswire/ — Mylan Inc. (MYL) today confirmed that it and its partner Famy Care Ltd. have entered into a settlement and license agreement with Warner Chilcott Company, LLC, settling the parties' litigation in connection with Mylan's filing of an Abbreviated New Drug Application (ANDA) with the U.S. Food and Drug Administration (FDA) for Norethindrone and Ethinyl Estradiol Chewable Tablets 0.8 mg/0.025 mg and Ferrous Fumarate Chewable Tablets. This product is the generic version of Generess® Fe Tablets, which are indicated for the prevention of pregnancy (1).

Mylan Launches Generic Lunesta® Tablets
Tue, 15 Apr 2014 14:08:00 GMT
PR Newswire – PITTSBURGH, April 15, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that it has launched Eszopiclone Tablets 1 mg, 2 mg and 3 mg, the generic version of Sunovion Pharmaceuticals Inc.'s …

Tuesday’s Top Health Care Stories: Johnson & Johnson, Teva, Mylan, and Dynavax
Tue, 15 Apr 2014 13:44:26 GMT

Actavis announces agreement related to Generess FE patent challenge litigation
Tue, 15 Apr 2014 12:07:39 GMT

8:06 am Mylan Labs and Prosonix enter into global licensing agreement for generic versions of inhaled respiratory products flixotide and flovent
Tue, 15 Apr 2014 12:06:00 GMT

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