Celgene (CELG) Offering Possible 6.61% Return Over the Next 12 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 6.61% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $9.38 would be incurred if the stock dropped below the $130.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Celgene 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 Celgene is bullish.

The RSI indicator is at 70.95 level which suggests that the stock is neither overbought nor oversold at this time.

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 Celgene

CELGENE CORP /DE/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 06 May 2014 12:52:25 GMT

Celgene Announces Offering of Senior Unsecured Notes
Tue, 06 May 2014 12:30:00 GMT
Business Wire – Celgene Corporation today announced its intention to offer, subject to market and other conditions, senior unsecured notes under a shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.

Earnings Avalanche Looms for Biggest Biotech ETF
Mon, 05 May 2014 15:52:58 GMT

Celgene: Do The Revlimid Polymorph And Use Patents Matter?
Mon, 05 May 2014 15:44:58 GMT

1 Biotech's Earnings the Market Got Completely Wrong
Sun, 04 May 2014 19:03:56 GMT

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