Biogen (BIIB) Offering Possible 25% Return Over the Next 29 Calendar Days

Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $287.50 short call and a strike $295.00 long call offers a potential 25% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $287.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock rose above the $295.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Biogen 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 Biogen is bearish.

The RSI indicator is at 35.17 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 Biogen

INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Biogen Inc. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm
Thu, 22 Dec 2016 01:00:00 GMT
Accesswire – IRVINE, CA / ACCESSWIRE / December 21, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Biogen Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB). …

Biogen and Spin-off Bioverativ will Present at the Goldman Sachs Healthcare CEOs Unscripted Conference
Wed, 21 Dec 2016 22:12:08 GMT
noodls – CAMBRIDGE, Mass.–(BUSINESS WIRE)–Biogen Inc. (NASDAQ: BIIB) announced today that it will present at the Goldman Sachs Healthcare CEOs Unscripted Conference. The webcast will be live on Thursday, January …

Biogen Likely To Trim EPS View On Hemophilia Spinoff, Floundering MS Unit
Wed, 21 Dec 2016 21:17:45 GMT

Biogen Likely To Trim EPS View On Hemophilia Spinoff, Floundering MS Unit
Wed, 21 Dec 2016 21:17:45 GMT

Biogen and Spin-off Bioverativ will Present at the Goldman Sachs Healthcare CEOs Unscripted Conference
Wed, 21 Dec 2016 21:01:00 GMT
Business Wire – Biogen Inc. announced today that it will present at the Goldman Sachs Healthcare CEOs Unscripted Conference. The webcast will be live on Thursday, January 5, 2017 at 4:00p.m.

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