<select ng-model="observation.status">
<option value="final">Final</option>
<option value="preliminary">Preliminary</option>
<option value="registered">Registered</option>
<option value="amended">Amended</option>
<option value="cancelled">Cancelled</option>
<option value="entered in error">Entered in Error</option>
</select>
<div class="col-xs-4">
<span class="label" ng-class="{
'label-success': observation.status == 'final',
'label-warning': observation.status == 'preliminary',
'label-primary': observation.status == 'registered',
'label-info': observation.status == 'amended',
'label-default': observation.status == 'cancelled',
'label-danger': observation.status == 'entered in error'}" ng-bind="observation.status"></span>
</div>