Amgen (AMGN) Offering Possible 35.14% Return Over the Next 21 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 35.14% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $165.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amgen 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 Amgen is bullish.

The RSI indicator is at 72 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

After FDA delay, Peninsula ‘biosimilar' company sheds third of workforce
Wed, 28 Jun 2017 21:25:09 +0000
Coherus BioSciences Inc., stopped earlier this month in its efforts to offer a lower-cost version of a drug for cancer chemotherapy patients, will lay off 30 percent of its workforce. The Redwood City company (CHRS) said it cut 51 jobs after the Food and Drug Administration asked it to reanalyze some data from clinical trials and provide more information about manufacturing. Coherus leaders had hoped to win FDA approval this month of the drug, its version of Amgen Inc.'s Neulasta, and hit the market as soon as the end of this year.

July's Tough, but These Stocks Tend to Do Well
Wed, 28 Jun 2017 17:00:00 +0000
July isn't a great month for the stock market historically, but these stocks tend to perform well.

[$$] HGGC Backs Provider of Data-Visualization Software
Wed, 28 Jun 2017 16:33:52 +0000
Denodo Technologies Inc.’s founder and senior management team will retain an ownership stake in the company.

Amgen: Now or Later?
Wed, 28 Jun 2017 15:53:00 +0000
In biotech, investors are always looking for the next big thing, or at least the next thing. Which is one reason Amgen's (AMGN) Erenumab is being closely watched by analysts. Amgen submitted the data for the treatment of migraines by erenumab to the FDA in May. And Oppenheimer's Leah Rush Cann, who rates Amgen Outperform, argues that Erenumab will “be adopted for treatment of migraine quickly after launch.” She explains why: Our report Migraine Survey, June 27, 2017, supports our view that Erenumab will be adopted for treatment of migraine quickly after launch.

Novartis' Erelzi, Biosimilar of Enbrel Approved In Europe
Wed, 28 Jun 2017 13:26:01 +0000
Novartis AG (NVS) announced that the European Commission (EC) has approved Erelzi ??? the biosimilar version of Enbrel.

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