Mylan's most recent trend suggests a bearish bias. One trading opportunity on Mylan is a Bear Call Spread using a strike $49.00 short call and a strike $55.00 long call offers a potential 13.42% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $5.29 would be incurred if the stock rose above the $55.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Mylan 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 Mylan is bearish.
The RSI indicator is at 23.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Mylan
[$$] Mylan Quarterly Profit Slips
Thu, 07 Aug 2014 11:22:53 GMT
Q2 2014 Mylan Inc. Earnings Release – Before Market Open
Thu, 07 Aug 2014 11:07:03 GMT
Mylan narrows full-year revenue, profit forecast
Thu, 07 Aug 2014 10:48:32 GMT
Mylan Reports Second Quarter 2014 Adjusted Diluted EPS of $0.69, In Line With Guidance
Thu, 07 Aug 2014 10:30:00 GMT
PR Newswire – PITTSBURGH, Aug. 7, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced its financial results for the three and six months ended June 30, 2014. Second Quarter 2014 Highlights Total revenues of …
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