Celgene (CELG) Offering Possible 8.58% Return Over the Next 30 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 8.58% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $9.21 would be incurred if the stock dropped below the $100.00 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 at 58.99 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 Celgene

Celgene/Accelreon's Luspatercept Granted Fast Track Status – Analyst Blog
Tue, 19 May 2015 17:50:05 GMT

Analysis of Phase II Data for Celgene's Investigational Oral GED-0301 in Patients with Active Crohn's Disease Presented at Digestive Disease Week
Tue, 19 May 2015 12:26:30 GMT
noodls – Patients with more severe Crohn's disease or longer disease duration treated with GED-0301 160 mg experienced clinical remission and response rates greater than placebo SUMMIT, N.J.–(BUSINESS WIRE)– …

8:16 am Celgene announces the presentation of a post-hoc subgroup analysis of a double-blind, placebo-controlled, randomized, multicenter phase II trial of GED-0301 in patients with active Crohn's disease
Tue, 19 May 2015 12:16:00 GMT

Analysis of Phase II Data for Celgene’s Investigational Oral GED-0301 in Patients with Active Crohn’s Disease Presented at Digestive Disease Week
Tue, 19 May 2015 12:15:00 GMT
Business Wire – Celgene Corporation today announced that a post-hoc subgroup analysis of a double-blind, placebo-controlled, randomized, multicenter phase II trial of GED-0301 in patients with active Crohn's disease was presented at Digestive Disease Week in Washington, D.C.

Celgene, Lannett Lead Boisterous Day For Drugmakers
Mon, 18 May 2015 19:56:00 GMT

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