Amgen (AMGN) Offering Possible 29.87% Return Over the Next 28 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 29.87% return on risk over the next 28 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 $1.15 would be kept by the premium seller. The risk of $3.85 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Amgen

2:30 am Amgen and UCB submit Biologics License Application to the FDA for Romosozumab
Fri, 22 Jul 2016 06:30:00 GMT

Amgen And UCB Submit Biologics License Application For Romosozumab To The FDA
Fri, 22 Jul 2016 05:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif. and BRUSSELS, July 22, 2016 /PRNewswire/ — Amgen (AMGN) and UCB (Euronext Brussels: UCB) today announced the submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) for romosozumab, an investigational monoclonal antibody for the treatment of osteoporosis in postmenopausal women at increased risk of fracture. “Osteoporosis is a large public health problem yet is often overlooked, even in patients who have already experienced an osteoporotic fracture,”1,2 said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen. The BLA for romosozumab is based on data from the pivotal Phase 3 placebo-controlled FRActure study in postemenopausal woMen with ostEoporosis (FRAME) in approximately 7,200 patients.

Amgen and Allergan Study Finds Biosimilar Comparable to Herceptin
Thu, 21 Jul 2016 16:07:30 GMT

Amgen (AMGN) Stock Rises on ‘Non-Inferior' Late-Stage Trial Results
Thu, 21 Jul 2016 15:25:00 GMT

Amgen, Allergan biosimilar found as effective as Roche cancer drug
Thu, 21 Jul 2016 14:16:39 GMT
Reuters – Amgen Inc and Allergan Plc said their copycat version of Roche Holding AG's blockbuster cancer treatment, Herceptin, was found as effective as the original in a late-stage study. There were no “clinically meaningful” differences in data gathered from patients given Herceptin and the copycat version, ABP 980, to treat a type of early breast cancer, said Sean Harper, Amgen's executive vice president of research and development.

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