Amgen Offering Possible 8.7% Return Over the Next 39 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 8.7% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock dropped below the $100.00 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 61.32 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Merck needs a dose of joie de vivre, research chief says
Tue, 14 Jan 2014 16:46:18 GMT
Reuters – Merck & Co's researchers need to regain their confidence after an eight-year drought in developing important new medicines sapped employee morale, the company's recently hired research chief told Reuters. …

J.P. Morgan Healthcare Confab Live Blog: Day Two
Tue, 14 Jan 2014 15:29:00 GMT
TheStreet – TheStreet's Adam Feuerstein is providing live coverage from the most important healthcare investor conference of the year.

Tesaro: Next big thing in biotech?
Mon, 13 Jan 2014 22:45:00 GMT
CNBC – Lonnie Moulder, Tesaro CEO, discusses the drug Rolapitant, which controls the effects of chemotherapy. Moulder says it's not about market share but about accessing patients who should receive the drug….

Pfizer Inc.: Big Pharma Checkup for 2014
Sat, 11 Jan 2014 23:54:30 GMT
Motley Fool – Pfizer Inc.'s (PFE) cost cuts and newly approved drugs may position it for profit growth over the long haul.

‘Mad Money' Lightning Round: I Don't Like Amgen
Sat, 11 Jan 2014 11:00:00 GMT
TheStreet – Cramer doesn't know what to think about the new Eastman Kodak but he continues to like Isis Pharmaceuticals.

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