Amgen (AMGN) Offering Possible 15.74% 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 $126.00 short put and a strike $121.00 long put offers a potential 15.74% 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 $126.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $121.00 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 72.91 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

Cramer looks for bright spots in the market
Mon, 04 Aug 2014 22:58:00 GMT

Amgen reports positive results from analysis of its blood cancer drug
Mon, 04 Aug 2014 20:59:00 GMT

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Mon, 04 Aug 2014 20:49:49 GMT

Amgen's Multiple Myeloma Drug Shows Promise in Phase 3 Trial
Mon, 04 Aug 2014 19:50:30 GMT

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Mon, 04 Aug 2014 19:15:00 GMT

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