Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $300.00 short call and a strike $305.00 long call offers a potential 31.58% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $300.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock rose above the $305.00 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 47.72 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allergan
This Is What Hedge Funds Have To Say About Pharmaceutical Giant Allergan plc (AGN)
Sat, 12 Sep 2015 15:14:34 GMT
IBD 50's 5 Top Drug Stocks: Active In R&D And M&A
Sat, 12 Sep 2015 12:02:00 GMT
Apricus Up after Regaining Vitaros U.S. Rights from Allergan
Fri, 11 Sep 2015 20:30:08 GMT
ALLERGAN PLC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 11 Sep 2015 20:14:33 GMT
Lifesaving blood pressure study
Fri, 11 Sep 2015 17:09:00 GMT
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