Amgen (AMGN) Offering Possible 13.38% Return Over the Next 23 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 13.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $8.82 would be incurred if the stock rose above the $200.00 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 32.68 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

IBD's No. 1 Group Is Under Pressure; These 6 Key Earnings Loom; S&P 500 Futures
Tue, 24 Oct 2017 04:04:59 +0000
Biotechs have been big winners in 2017, but the group and several top stocks have been drifting lower, testing key levels. Biogen reports earnings Tuesday, with Amgen, Vertex, Gilead, Celgene and Alexion later this week.

Phase 3 A.R.R.O.W. Study Of Once-Weekly KYPROLIS® (Carfilzomib) Regimen Meets Primary Endpoint Of Progression-Free Survival In Relapsed And Refractory Multiple Myeloma Patients
Mon, 23 Oct 2017 20:00:00 +0000
Once-Weekly KYPROLIS at 70 mg/m2 Shows Superior Efficacy and Comparable Safety to Twice-Weekly KYPROLIS at 27 mg/m2 Positive Results From Pre-Specified Interim Analysis THOUSAND OAKS, Calif. , Oct. 23, …

Sticking With Amgen; P&G Doesn't Impress: Doug Kass' Views
Mon, 23 Oct 2017 05:00:00 +0000
Doug Kass shares his thoughts on Amgen and Procter & Gamble.

Risk Builds Slowly; Awareness of Risk Suddenly: Best of Kass
Sun, 22 Oct 2017 20:16:00 +0000
In highlights from this week's trading diary and posts, Kass discusses risk and how it differs from risk awareness.

Amgen Stock: Performance in 3Q17
Fri, 20 Oct 2017 22:06:19 +0000
Amgen stock has risen ~8.2% in 3Q17. It has risen ~25.9% year-to-date as of October 20, 2017.

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