Amgen (AMGN) Offering Possible 10.01% Return Over the Next 23 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 10.01% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $9.09 would be incurred if the stock dropped below the $155.00 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Amgen

Repatha® (Evolocumab) Receives European Commission Approval For New 420 mg Single-Dose Delivery Option
Tue, 21 Feb 2017 21:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Feb. 21, 2017 /PRNewswire/ — Amgen (AMGN) today announced that the European Commission (EC) has adopted a decision to change the Repatha® (evolocumab) marketing authorization, approving a new single-dose delivery option. The new automated mini-doser (AMD) with a pre-filled cartridge is a hands-free device that provides 420 mg of Repatha in a single injection per administration. Repatha is the first proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor in Europe with the option of a single monthly injection.

4:00 pm Amgen announces that the European Commission has adopted a decision to change the Repatha (evolocumab) marketing authorization, approving a new single-dose delivery option
Tue, 21 Feb 2017 21:00:00 GMT

Top Research Reports for Amgen, Bank of America, and Proctor & Gamble
Tue, 21 Feb 2017 14:34:02 GMT

Study Reveals PCSK9 Drugs Can Save Heart Disease Patients
Tue, 21 Feb 2017 13:54:59 GMT

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Tue, 21 Feb 2017 12:36:06 GMT

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