Amgen (AMGN) Offering Possible 11.73% Return Over the Next 29 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $165.00 short call and a strike $175.00 long call offers a potential 11.73% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $8.95 would be incurred if the stock rose above the $175.00 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 26.67 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 Amgen

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ETFs with exposure to Amgen, Inc. : May 15, 2017
Mon, 15 May 2017 19:13:36 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Amgen, Inc. Here are 5 ETFs with the largest exposure to AMGN-US. Comparing the performance and risk of Amgen, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name … Read more
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Better Buy: Gilead Sciences, Inc. vs. Amgen Inc.
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Johnson & Johnson Analyst Day
Fri, 12 May 2017 21:00:00 +0000
Johnson & Johnson hosts its annual presentation for investors from the company's headquarters in New Brunswick, NJ. J&J CEO Alex Gorsky will give the keynote address in the morning followed by other J&J executives with new product announcements and vision for the company.

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