Amgen (AMGN) Offering Possible 18.48% Return Over the Next 9 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $225.00 short put and a strike $220.00 long put offers a potential 18.48% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 would be incurred if the stock dropped below the $220.00 long put 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 40.03 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

IBD 50 Stocks To Watch: Covid-19 Drug Trial Underway As Top Biotech Nears Buy Point
Mon, 08 Jun 2020 18:48:17 +0000
Alexion Pharmaceuticals, featured in today's IBD 50 Stocks To Watch, has a late-stage Covid-19 study underway in the heated race for a coronavirus drug.

Drugmakers Target Coronavirus Vaccine in 2020: 4 Stocks in Focus
Mon, 08 Jun 2020 11:55:11 +0000
Several drugmakers have started ramping up production, anticipating huge demand if the candidates prove successful.

Amgen To Present At The Goldman Sachs 41st Annual Global Healthcare Conference
Fri, 05 Jun 2020 20:00:00 +0000
Amgen (NASDAQ:AMGN) will present at the Goldman Sachs 41st Annual Virtual Global Healthcare Conference on Wednesday, June 10, 2020 at 1:20 p.m. ET. Peter H. Griffith, executive vice president and chief financial officer, and David M. Reese, M.D., executive vice president of Research and Development at Amgen will present at the conference. Live audio of the presentation can be accessed from the Events Calendar on Amgen's website, www.amgen.com, under Investors. A replay of the webcast will also be available on Amgen's website for at least 90 days following the event.

3 Top Large-Cap Stocks to Buy in June
Wed, 03 Jun 2020 15:38:00 +0000
With the coronavirus outbreak still weighing on companies, it's time to favor those with long-term drivers of revenue growth.

Is Amgen Stock A Buy As It Takes A Two-Pronged Approach To Coronavirus?
Tue, 02 Jun 2020 13:00:53 +0000
Amgen stock is consolidating as it takes a two-pronged approach to coronavirus treatment, partnering with Adaptive Biotechnologies and testing Otezla in Covid-19. Is Amgen stock a buy?

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