Celgene (CELG) Offering Possible 15.34% Return Over the Next 30 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 15.34% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $8.67 would be incurred if the stock dropped below the $135.00 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 57.05 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

Getting Bearish On Celgene The Stock, Not The Company
Thu, 22 May 2014 14:10:35 GMT

Celgene Gains on ‘Curious' Management Changes
Thu, 22 May 2014 14:00:00 GMT

CELGENE CORP /DE/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Thu, 22 May 2014 10:34:27 GMT

Celgene makes changes in its leadership team
Thu, 22 May 2014 10:09:23 GMT

6:03 am Celgene announced organizational changes; Mark Alles is promoted to President and COO
Thu, 22 May 2014 10:03:00 GMT

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