Mylan (MYL) Offering Possible 7.99% Return Over the Next 3 Calendar Days

Mylan’s most recent trend suggests a bearish bias. One trading opportunity on Mylan is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 7.99% 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 $27.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $32.00 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 24.59 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


Why Biggest Valuation Gap In 70 Years Is Buying Opportunity
Fri, 08 Mar 2019 16:39:27 +0000
As some stocks get cheaper, and others get pricier, AllianceBernstein offers a compelling case for seeking out low valuation equities right now.

SBP, Mylan Present Keys to Hurricane Maria Survivor in Welcome Home Party — Courtesy of $1M Pledge from the Mylan Charitable Foundation
Thu, 07 Mar 2019 20:00:00 +0000
HERTFORDSHIRE, England and PITTSBURGH and SAN JUAN, Puerto Rico, March 7, 2019 /PRNewswire/ — A small crowd of SBP staff, AmeriCorps members, Puerto Rico Central Office of Recovery and Reconstruction’s Omar J. Marrero, Esq and volunteers from global pharmaceutical company Mylan (MYL) gathered in a quiet backyard in Villa Palmeras to celebrate the homecoming of Hurricane Maria survivor Ms. Sunchy. While Sunchy and her family’s recovery may be over, SBP is rebuilding for many other Puerto Rican families thanks to a major gift from the Mylan Charitable Foundation. “Mylan has a long-established commitment to the people of Puerto Rico, having run operations on the island for more than 30 years,” said Mylan CEO Heather Bresch.

Biotech shares continue to fall on FDA uncertainty
Thu, 07 Mar 2019 19:14:51 +0000
FDA chief Scott Gottlieb on Tuesday unexpectedly announced his resignation from the agency. Under Gottlieb’s tenure the FDA approved 59 new drugs last year, and a record 971 generic drugs. The biotech sector is on pace for its worst weekly decline since December, weighed down in part by uncertainty following this week’s surprise announcement from Food And Drug Administration Commissioner Scott Gottlieb that he will be stepping down next month.

New Research: Key Drivers of Growth for Toll Brothers, Mylan N.V, Eldorado Resorts, Sinclair Broadcast Group, Eldorado Gold, and Pegasystems — Factors of Influence, Major Initiatives and Sustained Production
Thu, 07 Mar 2019 12:25:00 +0000
NEW YORK, March 07, 2019 — In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

US STOCKS-Wall St set for muted open due to lack of fresh catalysts
Wed, 06 Mar 2019 13:59:13 +0000
Wall Street was set to dip at the open on Wednesday in the absence of fresh developments on trade, with investors taking a step back after a strong run in equities since the start of the year. Hopes that the United States and China will end their bitter trade row and a dovish stance on future interest rate hikes by the Federal Reserve has propelled the S&P 500 11 percent higher this year.

Be Sociable, Share!

Related Posts