Mylan (MYL) Offering Possible 5.26% Return Over the Next 9 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 5.26% 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 $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 dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mylan 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 Mylan is bullish.

The RSI indicator is at 56.74 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Mylan

Mylan Ex-CEO and Glass Lewis Debate Proxy Adviser Power
Thu, 08 Jan 2015 16:12:00 GMT

Is a Generic Diovan for You?
Mon, 05 Jan 2015 21:25:27 GMT

Mylan Launches Generic Diovan® Tablets
Mon, 05 Jan 2015 18:00:00 GMT
PR Newswire – PITTSBURGH, Jan. 5, 2015 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced the U.S. launch of its Valsartan Tablets USP 40 mg, 80 mg, 160 mg, and 320 mg, which is the generic version of Novartis' …

South African National Department of Health Selects Mylan as a Leading Supplier for 2015/2018 Antiretroviral Tender
Wed, 31 Dec 2014 11:07:27 GMT
noodls – JOHANNESBURG and PITTSBURGH, Dec. 31, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that its subsidiary in India, Mylan Laboratories Ltd., a leading manufacturer of antiretroviral (ARV) …

South African National Department of Health Selects Mylan as a Leading Supplier for 2015/2018 Antiretroviral Tender
Wed, 31 Dec 2014 11:00:00 GMT
PR Newswire – JOHANNESBURG and PITTSBURGH, Dec. 31, 2014 /PRNewswire/ — Mylan Inc. (MYL) today announced that its subsidiary in India, Mylan Laboratories Ltd., a leading manufacturer of antiretroviral (ARV) drugs, has been selected, through its South African-based subsidiary Mylan (Proprietary) Limited, as one of the leading suppliers of ARV medications to the South African National Department of Health for the tender period April 1, 2015 to March 31, 2018. As a part of this award, Mylan will supply the South African Government with triple therapy fixed dose combination (FDC) treatments. Mylan was previously selected as a leading supplier for the 2013/2014 tender and is pleased to continue its support of the Government's initiative to increase the number of patients on triple therapy FDC treatment regimens in South Africa, as such regimens can simplify treatment and improve patient adherence. Mylan CEO Heather Bresch commented, “Mylan's selection by the South African Department of Health as a leading supplier of ARVs reinforces our longstanding commitment to fighting HIV/AIDS in both South Africa and around the world.

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