Amgen (AMGN) Offering Possible 14.68% Return Over the Next 37 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 14.68% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $8.72 would be incurred if the stock dropped below the $160.00 long put 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 up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 71.94 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen's Kyprolis improves overall survival in blood cancer patients
Mon, 11 Dec 2017 22:35:18 +0000
Amgen Inc said on Monday a final analysis of late-stage trial data showed that its Kyprolis combined with two other drugs helped blood cancer patients live longer. Kyprolis when used with two standard of care drugs, dexamethasone and Celgene Corp's Revlimid, reduced the risk of death by 21 percent and extended survival by 7.9 months, compared with patients treated with the two drugs alone, the company said. The study, ASPIRE, tested Kyprolis, chemically known as carfilzomib, in multiple myeloma patients whose cancer had relapsed following prior treatment or did not respond to treatment.

KYPROLIS® (carfilzomib) Extended Overall Survival In Patients With Relapsed Or Refractory Multiple Myeloma In Phase 3 ASPIRE Trial
Mon, 11 Dec 2017 21:00:00 +0000
Results Highlighted During Oral Presentation at ASH 2017 Addition of KYPROLIS to Lenalidomide and Dexamethasone Reduced the Risk of Death by 21 Percent Versus Lenalidomide and Dexamethasone Alone Regulatory …

Amgen Foundation Pledges Up To $500,000 In Relief To Victims Of The Southern California Wildfires
Mon, 11 Dec 2017 14:00:00 +0000
THOUSAND OAKS, Calif., Dec. 11, 2017 /PRNewswire/ — Amgen (AMGN) today announced that the Amgen Foundation has pledged $500,000 to support victims of the Southern California wildfires. Of this commitment, $200,000 will be directed to the United Way of Ventura County to support their immediate relief efforts.

Republican tax bill makes big winners of Amgen, Gilead and other drugmakers
Sun, 10 Dec 2017 17:47:56 +0000
Of all U.S. companies, drugmakers have some of the most cash held outside the country.

Deciphering Wall Street's Differing Views of Amgen
Sun, 10 Dec 2017 15:00:00 +0000
What to make of the divergent views of Amgen's shares.

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