Amgen (AMGN) Offering Possible 18.2% Return Over the Next 23 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $185.00 short call and a strike $195.00 long call offers a potential 18.2% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $1.54 would be kept by the premium seller. The risk of $8.46 would be incurred if the stock rose above the $195.00 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 30.13 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

Top Analyst Reports for UnitedHealth, Citigroup & Honeywell
Mon, 22 Jul 2019 18:31:06 +0000
Top Analyst Reports for UnitedHealth, Citigroup & Honeywell

Q2 Earnings Surprise in the Cards, Healthcare ETFs to Buy
Mon, 22 Jul 2019 14:55:02 +0000
With earnings surprise in cards, the healthcare sector is expected to witness earnings growth of 1.7% in the second quarter, suggesting continued outperformance for healthcare ETFs.

Health Care Digest: Zuckerberg SF General's new insurance partner, a Notable round and more biotech space
Mon, 22 Jul 2019 14:19:47 +0000
Zuckerberg San Francisco General finds private insurance partner, biotech Notable gets more cash and developers offer big plans for biotech real estate in our Health Care Digest.

Amgen And Allergan's MVASI™ (bevacizumab-awwb) And KANJINTI™ (trastuzumab-anns) Now Available In The United States
Fri, 19 Jul 2019 03:00:00 +0000
THOUSAND OAKS, Calif., July 18, 2019 /PRNewswire/ — Amgen (AMGN) and Allergan plc (AGN) today announced that MVASI™ (bevacizumab-awwb), a biosimilar to Avastin® (bevacizumab), and KANJINTITM (trastuzumab-anns), a biosimilar to Herceptin® (trastuzumab), are now available in the United States (U.S.).

These 5 Firms Could Buy Celgene's Otezla Ahead Of The Bristol Merger
Thu, 18 Jul 2019 20:13:57 +0000
Gilead Sciences should acquire Celgene's psoriasis drug Otezla, but only for less than $9.6 billion, analysts said Thursday. Celgene is divesting Otezla ahead of its Bristol-Myers merger.

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