Amgen (AMGN) Offering Possible 14.94% Return Over the Next 17 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $167.50 short call and a strike $172.50 long call offers a potential 14.94% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $167.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $172.50 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 below 20 which suggests that the stock is in oversold territory.

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 Amgen

2:52 am Amgen And UCB provide new Phase 2 study indicating efficacy and safety of a second course of treatment with EVENITY
Tue, 04 Apr 2017 06:52:00 GMT

Amgen will move 100 workers to San Francisco, Cambridge as part of restructuring
Mon, 03 Apr 2017 19:10:17 GMT

Sarepta chief hands over CMO role to former Regeneron exec
Mon, 03 Apr 2017 15:00:11 GMT

Kite Pharma Completes Filing for CAR-T Therapy with FDA
Mon, 03 Apr 2017 11:06:11 GMT

Healthcare Winners and Losers Following the AHCA's Failure
Sun, 02 Apr 2017 19:02:00 GMT

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