Amgen (AMGN) Offering Possible 12.87% Return Over the Next 8 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 12.87% 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 $175.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock rose above the $180.00 long call strike price.

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

The RSI indicator is at 57.29 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 Amgen

3 Key Biotech Drug Approvals Expected This Month
Wed, 12 Aug 2015 18:52:00 GMT

Amgen: What If Generic Neulasta Gets Delayed Until Next Year?
Wed, 12 Aug 2015 16:18:00 GMT

Bull of the Day: Regeneron Pharma (REGN)
Wed, 12 Aug 2015 13:01:01 GMT

Short Sellers Run for Cover From Major Biotechs
Wed, 12 Aug 2015 12:55:04 GMT

AMGEN INC Financials
Tue, 11 Aug 2015 17:05:51 GMT

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