Amgen (AMGN) Offering Possible 14.94% Return Over the Next 15 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 14.94% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $245.00 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 63.87 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

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Tue, 01 Sep 2020 17:49:05 +0000
The Zacks Analyst Blog Highlights: PFE, XOM, CRM, AMGN and AAPL

Global Markets Review: Dow Dumps Exxon and Fed Targets Inflation
Tue, 01 Sep 2020 16:00:11 +0000
Fed Chairman Jerome Powell revised the central bank's policy framework when he signaled the adoption of "Average Inflation Targeting."

GLOBAL MARKETS-Asian stocks edge up after strong China manufacturing survey
Tue, 01 Sep 2020 05:54:38 +0000
Asian stocks edged higher on Tuesday after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session. European shares are expected to rebound from Monday's falls with pan-European Euro Stoxx 50 futures up 0.74% in early trade. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, to regain some ground lost on Monday.

Hedge Funds Aren’t Crazy About Amgen, Inc. (AMGN) Anymore
Tue, 01 Sep 2020 04:09:55 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

GLOBAL MARKETS-Asian stocks edge lower after Wall Street dips in month-end trade
Tue, 01 Sep 2020 00:11:14 +0000
Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period. Hong Kong's Hang Seng index futures lost 0.38%. Wall Street declines overnight were caused by month-end portfolio rebalancing “rather than a new trend in equities,” said Rodrigo Catril, senior FX strategist at NAB Market Research in Sydney.

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