Mylan Offering Possible 5.04% Return Over the Next 8 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 5.04% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $35.00 long put 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Mylan

Mylan Launches Generic Version of Aciphex® Tablets
Mon, 11 Nov 2013 13:19:21 GMT
noodls – PITTSBURGH, Nov. 11, 2013 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that its U.S.-based subsidiary Mylan Pharmaceuticals Inc. has launched Rabeprazole Sodium Delayed-release Tablets, 20 …

InPlay: Mylan Labs Launches Generic Version of Aciphex Tablets
Mon, 11 Nov 2013 12:33:54 GMT

Mylan Launches Generic Version of Aciphex® Tablets
Mon, 11 Nov 2013 12:30:00 GMT
PR Newswire – PITTSBURGH, Nov. 11, 2013 /PRNewswire/ — Mylan Inc. (MYL) today announced that its U.S.-based subsidiary Mylan Pharmaceuticals Inc. has launched Rabeprazole Sodium Delayed-release Tablets, 20 mg. Rabeprazole Sodium Delayed-release Tablets are the generic version of Eisai Corporation's Aciphex® Tablets, and are indicated for short-term treatment in the healing and symptomatic relief of erosive or ulcerative gastroesophageal reflux disease, and for short-term treatment in the healing and symptomatic relief of duodenal ulcers. Mylan received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for this product.

Generic-Drug Makers Can Speed Safety Changes in FDA Plan
Fri, 08 Nov 2013 17:35:15 GMT

Mylan to Present at the 2013 Credit Suisse Healthcare Conference
Wed, 06 Nov 2013 22:09:11 GMT
noodls – PITTSBURGH, Nov. 6, 2013 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL), one of the world's leading generic and specialty pharmaceutical companies, today announced that the Company will present at the 2013 Credit …

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