Amgen (AMGN) Offering Possible 10.38% Return Over the Next 22 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $167.50 short put and a strike $162.50 long put offers a potential 10.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $167.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $162.50 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 at 69.36 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

This Biotech Crashed 28% Despite Positive Migraine Drug Tests
Tue, 27 Jun 2017 20:08:49 +0000
Alder stock dove to a nearly three-year low Tuesday despite strong data in a Phase 3 migraine trial, making it competitive with Lilly, Amgen and Teva.

Amgen Gets Positive CHMP Opinion for Mimpara Label Expansion
Tue, 27 Jun 2017 13:22:01 +0000
Amgen announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has rendered a positive opinion recommending marketing approval of a pediatric formulation of Mimpara for the treatment of secondary hyperparathyroidism

Major Biotech Short Interest Surges
Tue, 27 Jun 2017 12:50:11 +0000
The June 15 short interest data have been compared with the previous report, and short interest in most of the selected biotech stocks increased.

Novartis gets European OK for biosimilar of Amgen's Enbrel
Tue, 27 Jun 2017 05:31:18 +0000
Novartis's generics unit Sandoz said the European Commission approved Erelzi, its biosimilar to Amgen's Enbrel, to treat inflammatory diseases such as rheumatoid arthritis, psoriasis, and psoriatic arthritis. The approval was based on a development programme that demonstrated that Erelzi, a biosimilar of the drug also known as etanercept, matches its reference medicine in terms of safety, efficacy, and quality, Sandoz said in a statement on Tuesday.

Regeneron: The End of the Outperformance?
Mon, 26 Jun 2017 15:35:00 +0000
Regeneron Pharmaceuticals (REGN) has been hot this year, so hot in fact that I recommended buying its shares in May, while Jack Hough this month reiterated his bullish call from more than a year ago. Regeneron has benefited from a positive ruling in its patent battle against Amgen (AMGN), and the launch of Dupixent.

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