Amgen (AMGN) Offering Possible 17.79% Return Over the Next 37 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 17.79% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $8.49 would be incurred if the stock rose above the $170.00 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 33.93 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Bull of the Day: Amgen (AMGN) – Bull of the Day
Fri, 16 Jan 2015 06:00:06 GMT

Amgen Presents New Data Supporting First-Line Use Of Vectibix® (Panitumumab) In Combination With FOLFOX In Patients With Wild-Type RAS Metastatic Colorectal Cancer
Thu, 15 Jan 2015 21:27:13 GMT
noodls – THOUSAND OAKS, Calif., Jan. 15, 2015 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced new data from the Phase 2 PEAK and Phase 3 PRIME studies that support the first-line use of Vectibix® (panitumumab) …

4:02 pm Amgen announces new data from the Phase 2 PEAK and Phase 3 PRIME studies supporting first-line use of Vectibix in combination with FOLFOX in patients with metastatic colorectal cancer
Thu, 15 Jan 2015 21:02:00 GMT

Amgen Presents New Data Supporting First-Line Use Of Vectibix® (Panitumumab) In Combination With FOLFOX In Patients With Wild-Type RAS Metastatic Colorectal Cancer
Thu, 15 Jan 2015 21:01:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Jan. 15, 2015 /PRNewswire/ — Amgen (AMGN) today announced new data from the Phase 2 PEAK and Phase 3 PRIME studies that support the first-line use of Vectibix® (panitumumab) in combination with FOLFOX, an oxaliplatin-based chemotherapy regimen, in patients with wild-type RAS (absence of exons 2, 3, or 4 KRAS or NRAS mutations) metastatic colorectal cancer (mCRC). The data will be presented during a poster session at the 2015 American Society of Clinical Oncology (ASCO) Gastrointestinal Cancers Symposium taking place in San Francisco from January 15 to 17.

AstraZeneca Announces Encouraging Data from Brilinta Study – Analyst Blog
Thu, 15 Jan 2015 15:30:03 GMT

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