Amgen (AMGN) Offering Possible 13.12% Return Over the Next 12 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 13.12% return on risk over the next 12 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 $0.58 would be kept by the premium seller. The risk of $4.42 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 78.62 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen Presents Data From Pivotal Phase 2 Study Of BLINCYTO™ (blinatumomab) Immunotherapy In Patients With Relapsed/Refractory Acute Lymphoblastic Leukemia
Tue, 09 Dec 2014 02:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Dec. 8, 2014 /PRNewswire/ — Amgen (NASDAQ: AMGN) today announced that new data from a pivotal Phase 2 study evaluating BLINCYTO ™ (blinatumomab) for the treatment of adult patients …

Amgen Unveils Positive Results from Blood Cancer Studies
Mon, 08 Dec 2014 23:05:02 GMT

New Trial Initiated Evaluating Amgen's Talimogene Laherparepvec In Combination With Merck's Anti-PD-1 Therapy KEYTRUDA® (Pembrolizumab) For Advanced Melanoma
Mon, 08 Dec 2014 21:49:38 GMT
noodls – THOUSAND OAKS, Calif., Dec. 8, 2014 /PRNewswire/ — Amgen (NASDAQ: AMGN) today announced the initiation of a trial of talimogene laherparepvec, an investigational oncolytic immunotherapy, in combination …

McDonald's and Sony are big market movers
Mon, 08 Dec 2014 21:41:34 GMT

New Trial Initiated Evaluating Amgen's Talimogene Laherparepvec In Combination With Merck's Anti-PD-1 Therapy KEYTRUDA® (Pembrolizumab) For Advanced Melanoma
Mon, 08 Dec 2014 21:20:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Dec. 8, 2014 /PRNewswire/ — Amgen (AMGN) today announced the initiation of a trial of talimogene laherparepvec, an investigational oncolytic immunotherapy, in combination with an investigational use of Merck's U.S. Food and Drug Administration (FDA) approved, anti-PD-1 therapy, KEYTRUDA® (pembrolizumab) in patients with regionally or distantly metastatic melanoma. The trial has enrolled its first patient and will evaluate the combination of these two therapies in approximately 110 patients across 35 clinical trial sites in the U.S., Australia and Europe. “Data from this trial will help us further understand the safety and efficacy that comes from combining two immunotherapeutic agents,” said F. Stephen Hodi, M.D., director of the Melanoma Center and the Center for Immuno-Oncology at Dana-Farber Cancer Institute and Steering Committee Chair for this study. “Talimogene laherparepvec is designed to promote tumor antigen release and presentation to initiate an anti-tumor immune response, which may be complementary to KEYTRUDA's role in releasing PD-1 pathway-mediated inhibition of anti-tumor immune responses.

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