Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $200.00 short call and a strike $220.00 long call offers a potential 12.93% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $2.29 would be kept by the premium seller. The risk of $17.71 would be incurred if the stock rose above the $220.00 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 at 72.08 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
Form 8.3 – ALLERGAN PLC – Amendment
Tue, 25 Feb 2020 10:21:00 +0000
Form 8.3 – Allergan plc
Mon, 24 Feb 2020 15:15:00 +0000
Should You Bet On AbbVie Stock As Its $63 Billion Acquisition Looms?
Mon, 24 Feb 2020 14:00:15 +0000
AbbVie stock initially fell on its $63 billion plan to buy Botox-maker Allergan, which helps the pharmaceutical company diversify as Humira patents expire. So, is ABBV stock a buy right now?
FORM 8.3 – ALLERGAN PLC
Mon, 24 Feb 2020 12:48:00 +0000
U.S. FDA approves Lundbeck's migraine prevention therapy
Sat, 22 Feb 2020 00:37:53 +0000
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