Amgen (AMGN) Offering Possible 44.09% Return Over the Next 21 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 44.09% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.53 would be kept by the premium seller. The risk of $3.47 would be incurred if the stock rose above the $230.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amgen 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 Amgen is bearish.

The RSI indicator is at 41.57 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

The Petri Dish: Moderna, Thermo become long-term partners; Karyopharm medical chief departs
Thu, 24 Feb 2022 10:39:47 +0000
The Massachusetts life sciences industry is rife with companies developing drugs and devices to tackle serious diseases, inking new partnership deals, raising money, expanding facilities and more.

The Zacks Analyst Blog Highlights NVIDIA, Novartis AG, NextEra Energy, The Goldman Sachs Group and Amgen
Wed, 23 Feb 2022 17:02:05 +0000
NVIDIA, Novartis AG, NextEra Energy, The Goldman Sachs Group and Amgen are included in this blog.

AMGEN ISSUES INAUGURAL GREEN BOND TO ADVANCE ESG GOALS
Tue, 22 Feb 2022 21:00:00 +0000
Amgen (NASDAQ:AMGN) today announced the issuance of its inaugural $750 million green bond, with a 3.000% semi-annual coupon and maturing in 2029, to advance the environmental goals that are part of Amgen's environmental, social and governance (ESG) framework.

Why this technical analyst sees a nearly 20% S&P 500 nosedive
Tue, 22 Feb 2022 19:32:10 +0000
And the stock charts say here comes the sell-off.

Top Stock Reports for NVIDIA, Novartis & NextEra Energy
Tue, 22 Feb 2022 17:54:05 +0000
Today's Research Daily features new research reports on 16 major stocks, including NVIDIA Corporation (NVDA), Novartis AG (NVS), and NextEra Energy, Inc. (NEE).

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