Celgene (CELG) Offering Possible 14.55% Return Over the Next 23 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 14.55% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $8.73 would be incurred if the stock rose above the $130.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Celgene 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 Celgene is bearish.

The RSI indicator is at 22.77 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Celgene

Biotech And Pharma Industry And Stock News
Mon, 22 May 2017 20:57:44 +0000
Track the latest trends and leading stocks in the biotech and pharmaceutical industries.

Will Novartis' MS Drug Stomp Celgene's Before It Even Hits The Market?
Mon, 22 May 2017 20:15:21 +0000
Celgene stock dipped to a four-month low Monday after ozanimod failed to show a disability benefit over interferon in multiple sclerosis patients.

Celgene's multiple sclerosis drug succeeds in late-stage trial
Mon, 22 May 2017 12:57:29 +0000
Celgene Corp said its oral drug to treat relapsing multiple sclerosis met the main goal in a second late-stage study, bringing the U.S. biotech a step closer to launching a potential blockbuster. The drug, ozanimod, reduced annualized relapse rate in patients with relapsing multiple sclerosis, compared to Biogen Inc's Avonex, the company said on Monday. Celgene's shares were marginally down in premarket trading.

Celgene Stock Rises Premarket on Positive Late-Stage Test Results for Multiple Sclerosis Treatment
Mon, 22 May 2017 12:20:00 +0000
The trial enrolled 1,313 RMS patients in 21 countries for two years of study.

Celgene reports positive results in trial of multiple sclerosis treatment
Mon, 22 May 2017 12:03:06 +0000
Celgene Corp. shares rose about 1% premarket before surrendering their gains, after the company reported positive results from a late-stage trial of a treatment for multiple sclerosis. Celgene said the …

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