AmerisourceBergen (ABC) Offering Possible 23.46% Return Over the Next 6 Calendar Days

AmerisourceBergen's most recent trend suggests a bullish bias. One trading opportunity on AmerisourceBergen is a Bull Put Spread using a strike $87.00 short put and a strike $82.00 long put offers a potential 23.46% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $82.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for AmerisourceBergen 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 AmerisourceBergen is bullish.

The RSI indicator is at 57.25 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 AmerisourceBergen

AmerisourceBergen Announces Date and Time for Second Quarter Fiscal 2020 Earnings Release
Thu, 09 Apr 2020 20:15:00 +0000
AmerisourceBergen Corporation (NYSE: ABC) today announced that it plans to release its results for the Second Quarter Fiscal 2020 on Thursday, May 7, 2020, prior to the opening of trading on the New York Stock Exchange. The Company will host a conference call to discuss the results at 8:30 a.m. ET on May 7, 2020.

AmerisourceBergen Corporation — Moody's announces completion of a periodic review of ratings of AmerisourceBergen Corporation
Mon, 06 Apr 2020 14:42:10 +0000
Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of AmerisourceBergen Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

How Greater Philadelphia stocks fared in a bleak first quarter
Thu, 02 Apr 2020 00:09:01 +0000
A total of 11 of the 50 largest Philadelphia-area public companies lost more than 50% of their stock value.

Exclusive: Insiders at these Philadelphia-area companies are buying up the most stock amid coronavirus downturn
Wed, 01 Apr 2020 17:53:55 +0000
As stock prices hit record lows, executives are taking advantage of the opportunity to scoop up shares on the cheap and show confidence in the future of their companies.

Is AmerisourceBergen (ABC) Outperforming Other Medical Stocks This Year?
Tue, 31 Mar 2020 15:30:03 +0000
Is (ABC) Outperforming Other Medical Stocks This Year?

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