Celgene (CELG) Offering Possible 10.86% Return Over the Next 8 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 10.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $167.50 long call strike price.

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

The RSI indicator is at 74.41 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

Is Gene Therapy Medicine's Next Big Thing?
Sun, 15 Jun 2014 17:10:46 GMT

Retrospective Analysis of Overall Survival Adjusting for Patient Crossover in Phase III Study of POMALYST®/IMNOVID® (Pomalidomide) in Previously Treated Multiple Myeloma Presented at EHA
Sat, 14 Jun 2014 16:30:00 GMT
Business Wire – Celgene International Sàrl, a wholly-owned subsidiary of Celgene Corporation today announced that a retrospective analysis of MM-003, the Company’s phase III study of pomalidomide plus low-dose dexamethasone compared with high-dose dexamethasone in patients with refractory multiple myeloma who have failed therapy with both bortezomib and lenalidomide, administered either alone or in combination, were …

Results from Phase III Study (AML-001) of VIDAZA® (Azacitidine for Injection) in Acute Myeloid Leukemia Presented at EHA
Sat, 14 Jun 2014 12:57:00 GMT
Business Wire – Celgene International Sàrl, a wholly-owned subsidiary of Celgene Corporation today announced that results from AML-001, its phase III study of VIDAZA® compared to conventional care regimens in elderly subjects with newly-diagnosed acute myeloid leukemia were presented in a late-breaking abstract oral session at the 19th European Hematology Association annual congress.

Studies Presented at 19th European Hematology Association Annual Congress Evaluate Activin Receptor Ligand Trap Programs in Beta-Thalassemia
Sat, 14 Jun 2014 07:00:00 GMT
Business Wire – Celgene Corporation and Acceleron Pharma Inc. today announced interim data from two studies of candidates from the companies’ joint development program in beta-thalassemia.

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