Mylan Offering Possible 7.53% Return Over the Next 19 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $43.00 short put and a strike $38.00 long put offers a potential 7.53% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $38.00 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

Elton John AIDS Foundation and Mylan Give $1 Million to Nigeria for the Elimination of Mother-to-Child Transmission of HIV
Sun, 01 Dec 2013 13:53:58 GMT
noodls – PITTSBURGH, Dec. 1, 2013 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL), one of the world's leading pharmaceutical companies, and the Elton John AIDS Foundation (EJAF) today announced that they will give a combined …

Elton John AIDS Foundation and Mylan Give $1 Million to Nigeria for the Elimination of Mother-to-Child Transmission of HIV
Sun, 01 Dec 2013 13:00:00 GMT
PR Newswire – PITTSBURGH, Dec. 1, 2013 /PRNewswire/ — Mylan Inc. (MYL), one of the world's leading pharmaceutical companies, and the Elton John AIDS Foundation (EJAF) today announced that they will give a combined $1 million to the Business Leadership Council for a Generation Born HIV Free (BLC) for the elimination of mother-to-child transmission (eMTCT) of HIV in Nigeria. Nigeria is home to 3.4 million people living with HIV, with approximately 60,000 children newly infected with the virus in 2012 alone – the most of any nation in the world.[1] For many years, the mother-to-child transmission rate there has remained at 30%[2], despite other countries – from the U.S. to Botswana – virtually eliminating mother-to-child transmission of HIV.

MYLAN INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
Fri, 29 Nov 2013 21:09:07 GMT

Could Teva Merge With Mylan or Valeant?
Thu, 28 Nov 2013 14:52:03 GMT
Motley Fool – Teva, which just lost its CEO, will soon face stiff generic competition for its top-selling drug. Should the company merge with Mylan or Valeant to save itself and compete effectively against Actavis, …

Generic Herceptin Approved in India
Wed, 27 Nov 2013 19:00:52 GMT

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