Allergan (AGN) Offering Possible 16.82% Return Over the Next 3 Calendar Days

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Allergan’s most recent trend suggests a bearish bias. One trading opportunity on Allergan is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 16.82% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $180.00 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 30.21 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, 10 Nov 2017 12:27:00 +0000
THOUSAND OAKS, Calif., Nov. 10, 2017 /PRNewswire/ — Amgen (AMGN) and Allergan plc. (AGN) today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion for the Marketing Authorization of ABP 215, a biosimilar to Avastin® (bevacizumab).

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Allergan to Present Dynamic Eye Care Data at American Academy of Ophthalmology Meeting in New Orleans
Wed, 08 Nov 2017 13:00:00 +0000
DUBLIN , Nov. 8, 2017 /PRNewswire/ — Allergan plc (NYSE: AGN), a leading global pharmaceutical company, today announced its data will be presented at the annual American Academy of Ophthalmology (AAO) …

Why Neos Therapeutics Inc Rose 13.7% In October
Wed, 08 Nov 2017 11:00:00 +0000
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U.S. senators press Allergan for details on patent deal with tribe
Tue, 07 Nov 2017 20:51:30 +0000
Democratic Senators Sherrod Brown, Maggie Hassan, Amy Klobuchar, Al Franken and Patty Murray made the request for documents in a letter to Allergan Chief Executive Brent Saunders. Allergan contends the tribe’s status as a sovereign entity places the patents outside the jurisdiction of the U.S. Patent Trial and Appeal Board, or PTAB.

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