Allergan’s most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 8.7% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $95.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Allergan 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 Allergan is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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 Allergan
November is Bladder Health Awareness Month – What’s Your Bladder IQ?
Wed, 06 Nov 2013 17:32:04 GMT
noodls – Ongoing Conversations with a Doctor to Better Understand Bladder Function Can Impact Treatment Decisions about Common Bladder Health Issues IRVINE, Calif., November 5, 2013 – How frequently – or infrequently …
ALLERGAN INC Files SEC form 10-Q, Quarterly Report
Tue, 05 Nov 2013 21:28:31 GMT
Does the Maker of Botox Need to Tighten Up Its Outlook?
Thu, 31 Oct 2013 16:38:31 GMT
Allergan weakness creates buying opportunity, says Argus
Thu, 31 Oct 2013 13:34:56 GMT
Also on Market Tamer…
Follow Us on Facebook