Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $315.00 short call and a strike $325.00 long call offers a potential 42.86% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $315.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock rose above the $325.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Biogen 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 Biogen is bearish.
The RSI indicator is at 43.84 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Biogen
Using ETFs To Run Your Own Hedge Fund
Thu, 20 Aug 2015 18:04:23 GMT
Key Financial Ratios to Analyze Biotech Companies
Thu, 20 Aug 2015 17:03:00 GMT
Applied Genetic Solidifies Deal With Biogen
Thu, 20 Aug 2015 14:25:42 GMT
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Biogen Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 19, 2015 — BIIB
Thu, 20 Aug 2015 13:42:00 GMT
Marketwired – The following statement is being issued by Levi & Korsinsky, LLP:
AGTC Announces Strategic Collaboration With Biogen Effective and Biogen Equity Investment Closed
Thu, 20 Aug 2015 09:22:51 GMT
noodls – GAINESVILLE, Fla., Aug. 19, 2015 (GLOBE NEWSWIRE) — Applied Genetic Technologies Corporation (Nasdaq:AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based …
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