Amgen (AMGN) Offering Possible 17.51% Return Over the Next 25 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 17.51% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $8.51 would be incurred if the stock rose above the $165.00 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 31.13 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

A Rudderless Market
Mon, 23 May 2016 09:55:23 GMT

Struggling Novartis heart drug boosted by new medical guidelines
Sat, 21 May 2016 15:06:49 GMT
Reuters – New global guidelines on the treatment of heart failure strongly endorse the use of Novartis' Entresto, boosting the prospects for a drug that has struggled to gain traction since its launch last year. U.S. and European heart experts gave the highest “class 1” recommendation to Entresto for use in patients with heart failure, a debilitating condition in which the heart is unable to pump enough blood around the body. The guidance in the key U.S. market says that Entresto should replace two older types of drugs known as ACE inhibitors and ARBs in heart failure patients who have adequate blood pressure and tolerance to standard drugs.

AMGEN INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
Fri, 20 May 2016 10:05:53 GMT

CR Magazine Names Amgen to List of 100 Best Corporate Citizens
Fri, 20 May 2016 01:12:04 GMT
noodls – Providing further evidence of Amgen's progress in Corporate Social Responsibility (CSR), Corporate Responsibility (CR) Magazine, a leading CSR publication, has named Amgen to its 17th annual list of 100 …

Amgen Thanks Oncology Nurses: There Every Step of the Way
Thu, 19 May 2016 22:52:02 GMT
noodls – At Amgen, we are dedicated to serving patients and taking on the toughest cancers. May is Oncology Nursing Month and we are proud to join the Oncology Nursing Society in celebrating oncology nurses who …

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