Options Trade – Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) Calls 
Monday, August 04, 2014

**OPTIONS TRADE: Buy the ACHN Dec 2014 7.000 call (ACHN141220C00007000) at or under $2.20, good for the day. Place a protective stop limit at $0.80 and a pre-determined sell at $4.00.

by Ian Harvey

August 04, 2014

Introduction

It appears that Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN), a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases, if the tentatively scheduled earnings report takes place this week and makes positive news as many have predicted, will provide a tidy profit from the recommended options trade.

Chart Analysis shows that the current downward trend is at a crossroads and has possibly ended, with backing from analysts to support this notion.

Earnings

Achillion Pharmaceuticals last released its earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.16) by $0.01. On average, analysts predict that Achillion Pharmaceuticals will post $-0.78 earnings per share for the current fiscal year.

Analysts Opinions

Achillion Pharmaceuticals (NASDAQ:ACHN) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating.

The company has been the subject of a number of other research reports:-

• Analysts at Deutsche Bank raised their price target on shares of Achillion Pharmaceuticals to $6.00.

• Separately, analysts at JMP Securities upgraded shares of Achillion Pharmaceuticals from a “market perform” rating to an “outperform” rating. They now have a $13.00 price target on the stock.

• Finally, analysts at Edison Investment Research reiterated a “neutral” rating on shares of Achillion Pharmaceuticals in a research note on Thursday, April 24th.

One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock.

Conclusion

Therefore, based on the facts above the following options trade is recommended…..


**OPTIONS TRADE: Buy the ACHN Dec 2014 7.000 call (ACHN141220C00007000) at or under $2.20, good for the day. Place a protective stop limit at $0.80 and a pre-determined sell at $4.00.



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