Amgen (AMGN) Offering Possible 32.63% Return Over the Next 15 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $170.00 short call and a strike $175.00 long call offers a potential 32.63% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $170.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock rose above the $175.00 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 35.58 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

4:12 pm Amgen will present new data in melanoma and metastatic colorectal cancer at ESMO that provides further insight into IMLYGIC (Talimogene Laherparepvec) as a Potentia
Wed, 05 Oct 2016 20:12:00 GMT

New Amgen Data In Melanoma And Metastatic Colorectal Cancer To Be Presented At The European Society For Medical Oncology 2016 Congress
Wed, 05 Oct 2016 20:10:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Oct. 5, 2016 /PRNewswire/ — Amgen (AMGN) today announced that new data on IMLYGIC® (talimogene laherparepvec) in combination with an immune checkpoint inhibitor and results from retrospective analyses on Vectibix® (panitumumab) will be presented at the European Society for Medical Oncology (ESMO) 2016 Congress, Oct. 7-11, 2016, in Copenhagen. “We look forward to sharing our research into the combination of a checkpoint inhibitor and Amgen's oncolytic immunotherapy in metastatic melanoma,” said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen.

Amgen Inks Oncology, Neuroscience Deals (AMGN)
Wed, 05 Oct 2016 19:00:00 GMT

Amgen To Participate In Citi Biotech R&D Conference Call
Tue, 04 Oct 2016 20:48:06 GMT
noodls – THOUSAND OAKS, Calif., Oct. 4, 2016 /PRNewswire/ — Amgen (NASDAQ:AMGN) will participate in a call hosted by Citi at 8 a.m. PT on Friday, Oct. 7, 2016. Sean E. Harper, M.D., executive vice president of …

Amgen To Participate In Citi Biotech R&D Conference Call
Tue, 04 Oct 2016 20:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Oct. 4, 2016 /PRNewswire/ — Amgen (NASDAQ:AMGN) will participate in a call hosted by Citi at 8 a.m. PT on Friday, Oct. 7, 2016. Sean E. Harper, M.D., executive vice president of …

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