Allergan’s most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $240.00 short put and a strike $230.00 long put offers a potential 29.53% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $2.28 would be kept by the premium seller. The risk of $7.72 would be incurred if the stock dropped below the $230.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Allergan
Why This Billionaire Just Shelled Out $1.1 Billion on 4 Drug Stocks
Thu, 16 Feb 2017 23:55:26 GMT
Stress boom to boost drug sales?
Thu, 16 Feb 2017 22:38:00 GMT
David Tepper Invests Heavily in Pharma in 4th Quarter
Thu, 16 Feb 2017 17:06:55 GMT
5 Ways Allergan Can Keep Up Momentum
Wed, 15 Feb 2017 20:03:00 GMT
Tepper’s Appaloosa Fund Continues Bet on Drug Companies in Q4 2016
Wed, 15 Feb 2017 19:54:00 GMT
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