Amgen (AMGN) Offering Possible 16.28% Return Over the Next 36 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $205.00 short put and a strike $195.00 long put offers a potential 16.28% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $8.60 would be incurred if the stock dropped below the $195.00 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 65.07 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

Amgen (AMGN) Gains As Market Dips: What You Should Know
Tue, 14 Dec 2021 22:50:10 +0000
Amgen (AMGN) closed at $213.74 in the latest trading session, marking a +1.11% move from the prior day.

UPDATE 1-Sarepta scraps plan to attend major healthcare conference next month
Tue, 14 Dec 2021 20:17:09 +0000
Drugmaker Sarepta Therapeutics Inc on Tuesday pulled out from the annual JP Morgan healthcare conference that will be held in person next year, citing concerns over the COVID-19 pandemic. The conference – considered the healthcare sector's biggest financial event – will happen in January in San Francisco and usually involves company presentations on products for would-be investors. “As we all try to safely navigate COVID-19, providing a virtual option for the conference would help mitigate the risk of transmission and exposure while allowing for the collective desire to return to normalcy,” a Sarepta spokesperson said. Stat News reported earlier that Amgen Inc and Moderna Inc have pulled out of the conference due to COVID-19 concerns, citing sources.

Sarepta Therapeutics scraps plan to attend in-person healthcare conference next month
Tue, 14 Dec 2021 19:41:23 +0000
Drugmaker Sarepta Therapeutics Inc on Tuesday pulled out from the annual JP Morgan healthcare conference that will be held in person next year, citing concerns over the COVID-19 pandemic. The conference – considered the healthcare sector's biggest financial event – will be held in January in San Francisco and usually involves company presentations on products for would-be investors. “As we all try to safely navigate COVID-19, providing a virtual option for the conference would help mitigate the risk of transmission and exposure while allowing for the collective desire to return to normalcy,” a Sarepta spokesperson said. Other companies such as Amgen Inc and Moderna Inc have also pulled out of the conference due to COVID-19 concerns, Stat News reported, citing sources.

2 Healthcare Stocks You Can Buy and Hold for the Next Decade
Tue, 14 Dec 2021 12:22:00 +0000
The S&P 500 is within striking distance of setting new all-time highs after bouncing back from its recent sell-off related to concerns surrounding the omicron variant. Since healthcare companies are typically more resilient than most other industries because of the critical nature of the products and services they sell, investors would be wise to pay attention to the healthcare industry. Here are two quality healthcare stocks that respectively operate in the pharmaceutical and health insurance areas of the healthcare industry. The first stock is the pharma stock Amgen (NASDAQ: AMGN).

Deutsche Dws Variable Series I Buys Hilton Worldwide Holdings Inc, Apollo Global Management …
Mon, 13 Dec 2021 21:38:02 +0000
Investment company Deutsche Dws Variable Series I (Current Portfolio) buys Hilton Worldwide Holdings Inc, Apollo Global Management Inc, McKesson Corp, Encompass Health Corp, NVIDIA Corp, sells Teradyne Inc, Amgen Inc, D.R.

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