Celgene (CELG) Offering Possible 28.53% Return Over the Next 30 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 28.53% return on risk over the next 30 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 $1.11 would be kept by the premium seller. The risk of $3.89 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 72.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Celgene

Bristol-Myers, Celgene Pair Up for Oncology Combo Treatments
Thu, 21 Aug 2014 20:20:02 GMT

Celgene Corporation to Present at Investor Conferences in September
Thu, 21 Aug 2014 14:06:35 GMT
noodls – … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Cramer's Stop Trading: Gilead Sciences
Thu, 21 Aug 2014 13:55:00 GMT

Celgene Corporation to Present at Investor Conferences in September
Thu, 21 Aug 2014 12:30:00 GMT
Business Wire – Celgene Corporation announced that Celgene management will provide an overview of the Company at two upcoming investor conferences in the month of September. The conf

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

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