Allergan (AGN) Offering Possible 38.89% Return Over the Next 18 Calendar Days

Allergan's most recent trend suggests a bullish bias. One trading opportunity on Allergan is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 38.89% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $245.00 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 at 69.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

Allergan (AGN) Stock Is Thursday’s ‘Chart of the Day’
Thu, 28 Jul 2016 16:00:00 GMT

Billionaire Dan Loeb Reiterates Bullish Thesis on Baxter, Holds on to Allergan Stake & Other Market Commentaries
Thu, 28 Jul 2016 14:47:53 GMT

Teva Said Close to Closing $40.5 Billion Allergan Deal
Thu, 28 Jul 2016 12:42:17 GMT

Teva, Allergan win U.S. antitrust approval for generics deal
Wed, 27 Jul 2016 21:44:58 GMT

Teva, Allergan win U.S. antitrust approval for generics deal
Wed, 27 Jul 2016 21:41:33 GMT
Reuters – Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday. The $40.5 billion deal, which was announced in July 2015, solidifies Teva's position as the world's No. 1 maker of generics while freeing Allergan to focus on branded drugs. Teva will sell rights and assets related to the 79 pharmaceutical products to 11 rival firms, marking the largest ever drug divestiture order in an FTC pharmaceutical merger case, the commission said in a statement.

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