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PRGO Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Positive insider trading signals confidence, while recent strategic initiatives under 'Project Energize' may boost profitability, suggesting a potential short-term price rise amid the current flat trading environment.



Bearish Case: Continued high debt levels and a long-term downward trend in stock price create significant pressures. The impending earnings report could reveal disappointing results, reinforcing the bearish sentiment.



Potential Outcomes:

1. 60% - Gradual recovery driven by Project Energize trends.

2. 25% - Continued decline due to weak earnings and sector pressure.

3. 15% - Rapid gains from unexpected market catalysts or better-than-expected earnings.



Trading Oracle: Consider implementing a bullish call spread strategy by buying PRGO $27.50 calls and selling $30 calls, expiring within a month. This positions to gain from potential short-term recovery while capping risk, capitalizing on increased implied volatility. Focus on high probability of profit with a favorable reward-to-risk ratio.


November 15, 2024


Perrigo Forecast

PRGO        Perrigo

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Correlated Assets

Assets that tend to move strongly with PRGO


STNE Forecast + Options Trading Strategies   STNE  StoneCo (0.85)


AMN Forecast + Options Trading Strategies   AMN  AMN Healthcare Services (0.83)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (0.82)


SDGR Forecast + Options Trading Strategies   SDGR  Schrodinger (0.82)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (0.82)



Uncorrelated Assets

Assets with little price relationship to PRGO


TRMD Forecast + Options Trading Strategies   TRMD  TORM (-0.0)


EDV Forecast + Options Trading Strategies   EDV  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (0.01)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (0.01)


CVE Forecast + Options Trading Strategies   CVE  Cenovus Energy (-0.01)


APAM Forecast + Options Trading Strategies   APAM  Artisan Partners Asset (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against PRGO


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (-0.8)


STX Forecast + Options Trading Strategies   STX  Seagate Technology (-0.8)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (-0.8)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (-0.81)


ONON Forecast + Options Trading Strategies   ONON  On (-0.82)







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