Allergan (AGN) Offering Possible 5.71% Return Over the Next 16 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $165.00 short call and a strike $170.00 long call offers a potential 5.71% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $170.00 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 23.37 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

Guardant Health (GH) to Report Q2 Earnings: What's in Store?
Mon, 29 Jul 2019 15:08:03 +0000
Guardant Health (GH) will provide updates on Guardant360 and GuardantOMNI tests during the second-quarter 2019 earnings call.

Ashley Tisdale Joins The Allergan ‘Women Who Know' Campaign
Mon, 29 Jul 2019 11:30:00 +0000
DUBLIN, July 29, 2019 /PRNewswire/ — Allergan plc (AGN) announced today a partnership with actress, musician and producer Ashley Tisdale, bringing awareness to the digital-first ‘Women Who Know' campaign that inspires women who are writing their own futures to take charge of their decisions when it comes to reproductive health and contraceptive options. Allergan, the maker of the #1-prescribed branded birth control pill by OB/GYNs,1 Lo Loestrin®Fe (norethindrone acetate and ethinyl estradiol tablets, ethinyl estradiol tablets and ferrous fumarate tablets), has chosen Tisdale to represent the ‘Woman Who Knows,' a confident, savvy and empowered woman looking to be proactive about her individual journey with pregnancy prevention.

AbbVie Inc (ABBV) Q2 2019 Earnings Call Transcript
Fri, 26 Jul 2019 22:23:50 +0000
ABBV earnings call for the period ending June 30, 2019.

AbbVie Stock Is Poised To Become A Top 5 Pharma — But Should You Buy It?
Fri, 26 Jul 2019 21:51:15 +0000
AbbVie stock fell on its $63 billion plan to acquire Botox-maker Allergan, which helps the pharmaceutical company diversify as Humira patents expire. So, is ABBV stock a buy right now?

AbbVie spotlights Allergan deal, new drugs as Humira sales wane
Fri, 26 Jul 2019 15:51:06 +0000
Humira, which treats rheumatoid arthritis and psoriasis, is the world's best-selling medicine, but it has come under fire from cheap rivals in Europe and AbbVie is bracing for competition to the drug in the United States in 2023. AbbVie has tried to stave off competition to Humira by aggressively signing deals to delay potential rivals in its largest market, the United States, and launched a new psoriasis medicine, Skyrizi, this year to help retain some market share.

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