Amgen (AMGN) Offering Possible 21.36% Return Over the Next 8 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $139.00 short call and a strike $144.00 long call offers a potential 21.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $139.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $144.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amgen is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 39.63 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Most Top Industry Groups Fall Harder Than Market
Fri, 10 Oct 2014 22:35:00 GMT

Short Interest in Biotech Becomes Company Specific
Fri, 10 Oct 2014 14:10:44 GMT

Amgen's BiTE® Immunotherapy Blinatumomab Receives FDA Priority Review Designation In Acute Lymphoblastic Leukemia
Thu, 09 Oct 2014 20:05:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Oct. 9, 2014 /PRNewswire/ — Amgen (AMGN) today announced that the U.S. Food and Drug Administration (FDA) has accepted for review the Biologics License Application (BLA) for the investigational bispecific T cell engager (BiTE®) antibody construct, blinatumomab. The BLA is for the treatment of adults with Philadelphia-negative (Ph-) relapsed/refractory B-precursor acute lymphoblastic leukemia (ALL), a rapidly progressing cancer of the blood and bone marrow.1 As part of the acceptance, the FDA granted blinatumomab priority review with a Prescription Drug User Fee Act (PDUFA) action date of May 19, 2015. A Marketing Authorization Application (MAA) has also been submitted to the European Medicines Agency (EMA) via the centralized procedure for approval to market blinatumomab for the treatment of adults with Ph- relapsed/refractory B-precursor ALL.

Amgen Up on Positive Phase III Data on Psoriasis Biosimilar
Thu, 09 Oct 2014 19:44:38 GMT

Illumina Pads Gene Sequencing Lead With Pharma Deals
Wed, 08 Oct 2014 20:04:00 GMT
Investor's Business Daily – When you become the 800-pound gorilla in your industry, you don't suddenly decide that 800 pounds is enough. Instead, you start looking for ways to reach 900 pounds, or 1,000, or some weight that breaks …

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