Amgen Offering Possible 9.17% Return Over the Next 8 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $115.00 short call and a strike $120.00 long call offers a potential 9.17% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $120.00 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 below 20 which suggests that the stock is in oversold territory.

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

You're not a genius so sell some stock right now
Sun, 10 Nov 2013 15:35:00 GMT
MarketWatch – And most important, the question is — what's the “smart” thing do now? I work everyday to try to stay on top of when this bubble blowing bull market part of the cycle is going to end — and …

Amgen To Present At The Credit Suisse Annual Healthcare Conference
Fri, 08 Nov 2013 22:51:37 GMT
noodls – THOUSAND OAKS, Calif., Nov. 8, 2013 /PRNewswire/ — Amgen (NASDAQ: AMGN) will participate at the Credit Suisse Annual Healthcare Conference on Wednesday, Nov. 13, 2013, at The Phoenician in Scottsdale, …

Amgen To Present At The Credit Suisse Annual Healthcare Conference
Fri, 08 Nov 2013 21:15:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Nov. 8, 2013 /PRNewswire/ — Amgen (NASDAQ: AMGN) will participate at the Credit Suisse Annual Healthcare Conference on Wednesday, Nov. 13, 2013, at The Phoenician in Scottsdale, …

Ex-Dividend Reminder: Amgen, Protective Life and Duke Realty
Fri, 08 Nov 2013 15:04:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/12/13, Amgen Inc (NASD: AMGN), Protective Life Corp. (NYSE: PL), and Duke Realty Corp. (NYSE: DRE) will all trade ex-dividend for their respective upcoming dividends. Amgen Inc will pay its quarterly dividend of $0.47 on 12/6/13, Protective Life […]

Amgen and Onyx Pharmaceuticals Announce Upcoming Data Presentations at 55th American Society of Hematology Annual Meeting
Thu, 07 Nov 2013 23:30:22 GMT
noodls – THOUSAND OAKS and SOUTH SAN FRANCISCO, Calif., Nov. 7, 2013 /PRNewswire/ — Amgen (NASDAQ:AMGN) and its subsidiary Onyx Pharmaceuticals, Inc. today announced that nearly 40 company-sponsored and investigator-sponsored …

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