Mylan (MYL) Offering Possible 5.26% Return Over the Next 15 Calendar Days

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 $60.00 long call offers a potential 5.26% 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 $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $60.00 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 64.34 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Mylan

10-Q for Mylan, Inc.
Sat, 08 Nov 2014 00:08:37 GMT

Mylan Signs Strategic Alliance Agreement with Walt Disney Parks and Resorts to Enhance Access to EpiPen® (epinephrine) Auto-Injectors
Fri, 07 Nov 2014 13:00:00 GMT
PR Newswire – PITTSBURGH, Nov. 7, 2014 /PRNewswire/ — Mylan Inc. (MYL) today announced it has signed a multi-year strategic alliance agreement with Walt Disney Parks and Resorts to help increase awareness of anaphylaxis, a life-threatening (severe) allergic reaction. The agreement includes updated maps in Disney's domestic theme parks and on its cruise ships as well as updated signage in the parks that highlight locations with EpiPen® (epinephrine) and EpiPen Jr® (epinephrine) Auto-Injectors.

Mylan Launches Generic Loestrin 24 Fe®
Wed, 05 Nov 2014 12:30:00 GMT
PR Newswire – PITTSBURGH, Nov. 5, 2014 /PRNewswire/ — Mylan Inc. (MYL) today announced the U.S. Mylan received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for this product, which is indicated for the prevention of pregnancy in women who elect to use oral contraceptives as a method of contraception.(1) Mylan has begun shipping product.

MYLAN INC. Files SEC form 8-K, Other Events
Wed, 05 Nov 2014 12:09:24 GMT

The rally that keeps on giving!
Fri, 31 Oct 2014 20:24:00 GMT

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