Biogen (BIIB) Offering Possible 25% Return Over the Next 22 Calendar Days

Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $302.50 short call and a strike $307.50 long call offers a potential 25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $302.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $307.50 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 39.59 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 Biogen

Here's who Mass. biotechs are supporting in recent elections (BBJ DataCenter)
Wed, 26 Aug 2015 19:15:09 GMT

Biogen Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
Wed, 26 Aug 2015 16:35:00 GMT
Business Wire – Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the District of Massachusetts against Biogen Inc.

Short Sellers Become More Focused in Major Biotechs
Wed, 26 Aug 2015 12:55:32 GMT

AMAG is a Hidden Biotech Gem That is Exploding
Tue, 25 Aug 2015 15:25:50 GMT

Biogen (BIIB) Crumbles: Stock Falls by 5.9%
Tue, 25 Aug 2015 12:51:12 GMT

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