Amgen (AMGN) Offering Possible 27.88% Return Over the Next 18 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $160.00 short put and a strike $155.00 long put offers a potential 27.88% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $155.00 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 55.94 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 Amgen

What Healthcare Dividend Stock Is Best?
Sat, 28 Nov 2015 20:41:00 GMT

Amgen Inc. Takes Aim at AbbVie Inc.
Sat, 28 Nov 2015 12:40:00 GMT

Amgen Seeks FDA Approval for First Biosimilar of Humira
Fri, 27 Nov 2015 21:10:09 GMT

The Zacks Analyst Blog Highlights: BioMarin, Amgen, Vertex, Gilead, Biogen and Repros
Fri, 27 Nov 2015 14:30:02 GMT

Novartis’s Cosentyx: Europe’s First IL-17A Inhibitor for Some Uses
Fri, 27 Nov 2015 08:06:11 GMT

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