Amgen (AMGN) Offering Possible 14.94% Return Over the Next 4 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 14.94% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 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 $160.00 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 77.1 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

Major Biotechs Scare Off Loads of Short Sellers
Fri, 10 Feb 2017 14:55:35 GMT

Biotech ETFs Powered by Q4 Earnings
Fri, 10 Feb 2017 13:38:01 GMT

Regeneron Defies Light Q4 Sales, Eylea Outlook On Amgen-Rivaling LDL Win
Thu, 09 Feb 2017 21:56:14 GMT

Regeneron: Whiplash!
Thu, 09 Feb 2017 19:01:00 GMT

Regeneron Pharmaceuticals Inc (REGN) and Sanofi SA (ADR) (SNY) Obtain Suspension of Injunction for Cholesterol Drug Sales
Thu, 09 Feb 2017 18:11:11 GMT

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