Celgene (CELG) Offering Possible 28.21% Return Over the Next 29 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 28.21% return on risk over the next 29 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 $1.10 would be kept by the premium seller. The risk of $3.90 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 70.23 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

Majority Of IBD 50 Firms Strong On Sponsorship
Fri, 22 Aug 2014 22:37:00 GMT

Data on Celgene's Revlimid Published in Oncology Journal
Fri, 22 Aug 2014 20:35:02 GMT

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
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