Celgene (CELG) Offering Possible 25.63% Return Over the Next 15 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $113.00 short put and a strike $108.00 long put offers a potential 25.63% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $113.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $108.00 long put strike price.

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

The RSI indicator is above 80 which suggests that the stock is in overbought 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 Celgene

12:17 am Celgene and Acceleron Pharma (XLRN) announced new data from Luspatercept Phase 2 clinical trial in beta-thalassemia
Mon, 08 Dec 2014 05:17:00 GMT

Here Is What '60 Minutes' Didn't Tell You About The Billionaire Who Is Trying To Disrupt Cancer Care
Mon, 08 Dec 2014 03:57:00 GMT

Age, Renal Impairment and Depth of Response Analyses of the FirstTM (MM-020/IFM 07-01) Study of Continuous REVLIMID® (lenalidomide) Plus Low-Dose dexamethasone in Newly-Diagnosed Multiple Myeloma Presented at ASH
Mon, 08 Dec 2014 02:58:00 GMT
Business Wire – Celgene Corporation today announced that results were presented from multiple post-hoc analyses of its pivotal phase III FIRSTTM trial, comparing continuous REVLIMID® plus low-dose dexamethasone to a fixed duration of 18 cycles of Rd or 12 cycles of melphalan, prednisone and thalidomide for the treatment of newly diagnosed, transplant-ineligible multiple myeloma.

Agios, Celgene to Start Approval Studies of Cancer Metabolism Drug in 2015
Sun, 07 Dec 2014 17:30:00 GMT

New Data from Luspatercept Phase 2 Clinical Trial in Beta-Thalassemia Presented at the 56th American Society of Hematology (ASH) Annual Meeting and Exposition
Sun, 07 Dec 2014 17:17:23 GMT
noodls – Luspatercept increased hemoglobin levels, reduced transfusion burden and improved measures of iron overload in beta-thalassemia patients SUMMIT, N.J. & CAMBRIDGE, Mass.–(BUSINESS WIRE)– Celgene Corporation …

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