Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $217.50 short call and a strike $222.50 long call offers a potential 56.25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $217.50 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $222.50 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 47.19 level which suggests that the stock is neither overbought nor oversold at this time.
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Allergan Presents Data at the 2016 American Society of Cataract and Refractive Surgery (ASCRS) Symposium & Congress in New Orleans
Wed, 04 May 2016 12:40:02 GMT
noodls – DUBLIN, May 4, 2016 /PRNewswire/ — Allergan (NYSE: AGN) today announced that its data will be presented during the 2016 American Society of Cataract and Refractive Surgery (ASCRS) Symposium & Congress …
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