Allergan (AGN) Offering Possible 16.55% Return Over the Next 15 Calendar Days

Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $217.50 short put and a strike $212.50 long put offers a potential 16.55% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $217.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $212.50 long put strike price.

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

The RSI indicator is at 22.88 level which suggests that the stock is neither overbought nor oversold at this time.

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

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Tue, 30 May 2017 16:18:00 +0000
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Tue, 30 May 2017 16:13:00 +0000
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Allergan Announces Closing of Public Offering of Senior Notes to Refinance Existing Debt
Fri, 26 May 2017 11:00:00 +0000
DUBLIN, May 26, 2017 /PRNewswire/ — Allergan plc (NYSE: AGN) today announced that it has closed an offering of €2.7 billion aggregate principal amount of senior unsecured notes (the “Notes”) …

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Thu, 25 May 2017 18:13:06 +0000
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TrumpCare isn't moving health care stocks because it won't pass: NYSE trader
Thu, 25 May 2017 18:01:28 +0000
Alan Valdes, director of floor operations for Silverbear, joins Alexis Christoforous from the New York Stock Exchange to discuss the outlook for health care stocks after the CBO scored the latest healthcare bill from President Trump and the Republicans.

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