NEW DIRECTIONAL CALL PLAYS

Allergan Inc. - AGN - close: 112.58 change: +0.95

Stop Loss: 110.75
Target(s): 117.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AGN is in the healthcare sector. They develop and market a wide range of pharmaceuticals and medical devices sold around the world. Shares outperformed the market today with a +0.8% gain and a bullish breakout past short-term resistance near $112.00. This is also a new all-time, historic high for AGN.

While the relative strength is encouraging I am suggesting small bullish positions if AGN can trade at $112.75. If triggered our target is $117.50. I am listing the stop loss at $110.75 but more aggressive traders will want to consider a stop loss below the $110 mark.

Trigger @ 112.75

- Suggested Positions -

buy the May $115 call (AGN1318E115) current ask $2.05

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 1.2 million
Listed on April 01, 2013