Amgen (AMGN) Offering Possible 17.1% Return Over the Next 28 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $200.00 short call and a strike $220.00 long call offers a potential 17.1% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $2.92 would be kept by the premium seller. The risk of $17.08 would be incurred if the stock rose above the $220.00 long call 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 down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 28.03 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

Merck's Keytruda Combo Gets FDA Nod for Endometrial Carcinoma
Wed, 18 Sep 2019 14:41:02 +0000
Merck (MRK) receives accelerated approval for label expansion of Keytruda in combination with Lenvima for treating certain types of endometrial carcinoma. Its Ebola vaccine BLA gets priority review.

Biotech Stock Roundup: BIIB Halts AD Study, AMGN Posts Positive MM Drug Data & More
Wed, 18 Sep 2019 14:33:02 +0000
Key highlights of the past week include regulatory and pipeline updates, acquisition deals, and more.

Amgen Showcases New Data From Oncology Pipeline And Portfolio At ESMO 2019
Tue, 17 Sep 2019 20:00:00 +0000
New Data Show Clinical Responses in Colorectal and Appendiceal Cancer Patients Treated With AMG 510 Two Late-Breaking Abstracts With Data Highlighting IMLYGIC® (Talimogene Laherparepvec) for Neoadjuvant …

Seattle Genetics' Enfortumab Vedotin BLA Gets Priority Review
Tue, 17 Sep 2019 14:44:02 +0000
The FDA accepts Seattle Genetics (SGEN) and Astellas' BLA for enfortumab vedotin under a priority review to treat advanced/metastatic urothelial cancer. A verdict is pending on Mar 15, 2020.

The Zacks Analyst Blog Highlights: Amgen, Tokyo Electron and Kinross Gold
Tue, 17 Sep 2019 13:58:01 +0000
The Zacks Analyst Blog Highlights: Amgen, Tokyo Electron and Kinross Gold

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