Allergan (AGN) Offering Possible 9.41% Return Over the Next 17 Calendar Days

Allergan's most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 9.41% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $167.50 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 33.47 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Allergan

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Fri, 26 Jul 2019 15:51:06 +0000
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Amarin's (AMRN) cardiovascular drug, Vascepa is expected to drive sales in the second quarter.

AbbVie does not expect to divest new psoriasis drug
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