Allergan (AGN) Offering Possible 8.93% Return Over the Next 6 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $160.00 short call and a strike $165.00 long call offers a potential 8.93% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $165.00 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 29.89 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

AbbVie Stock Is Poised To Become A Top 5 Pharma — But Should You Buy It?
Thu, 08 Aug 2019 13:00:15 +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?

Teva (TEVA) Q2 Earnings, Sales Top Estimates, CFO Steps Down
Thu, 08 Aug 2019 12:34:12 +0000
Teva Pharmaceutical (TEVA) posts better-than-expected results. However, earnings and sales decline year over year.

Editas (EDIT) Misses on Q2 Earnings & Sales, Gets New CEO
Wed, 07 Aug 2019 13:32:01 +0000
In the absence of an approved product in Editas' (EDIT) portfolio, pipeline development remains in focus on the second-quarter earnings call.

Allergan Boosts 2019 Guidance While Waiting to be Acquired by AbbVie
Tue, 06 Aug 2019 19:00:00 +0000
The drugmaker's Q2 revenue and earnings beats enable it to raise full-year guidance.

Allergan beats second-quarter expectations, boosts full-year guidance
Tue, 06 Aug 2019 17:19:00 +0000
Growth in sales of anti-wrinkle treatment Botox and dermal filler Juvaderm helped drive Allergan Plc to an earnings beat on Tuesday, but gains were offset by a decline in Restasis and CoolSculpting sales.

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