Celgene (CELG) Offering Possible 27.23% Return Over the Next 31 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 27.23% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Celgene is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Celgene is bullish.

The RSI indicator is at 71.63 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Celgene

Bristol-Myers teams with Celgene to explore new cancer treatments
Wed, 20 Aug 2014 15:47:00 GMT

Bristol-Myers Squibb and Celgene Enter Clinical Collaboration Agreement to Evaluate Immunotherapy and Chemotherapy Combination Regimen
Wed, 20 Aug 2014 13:55:46 GMT
noodls – Phase I study to evaluate OPDIVO (nivolumab), Bristol-Myers Squibb's investigational PD-1 immune checkpoint inhibitor, with Celgene's ABRAXANE® for multiple cancers (NEW YORK and SUMMIT, NJ – August 20, …

Bristol-Myers Squibb and Celgene Enter Clinical Collaboration Agreement to Evaluate Immunotherapy and Chemotherapy Combination Regimen
Wed, 20 Aug 2014 13:37:34 GMT
noodls – Phase I study to evaluate OPDIVO (nivolumab), Bristol-Myers Squibb's investigational PD-1 immune checkpoint inhibitor, with Celgene's ABRAXANE® for multiple cancers Dateline: NEW YORK & SUMMIT, N.J. … …

[$$] Bristol-Myers, Celgene to Collaborate on Cancer-Treatment Study
Wed, 20 Aug 2014 12:52:22 GMT

8:00 am Celgene and Bristol-Myers Squibb (BMY) enter clinical collaboration agreement to evaluate immunotherapy and chemotherapy combination regimen
Wed, 20 Aug 2014 12:00:00 GMT

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