Amgen (AMGN) Offering Possible 19.05% Return Over the Next 21 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 19.05% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $150.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amgen is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 69.47 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen Announces Results from Phase 3 Clinical Study Comparing AMG 416/ONO-5163 with Cinacalcet Hydrochloride for the Treatment of Patients with Secondary Hyperparathyroidism(11.5KB)
Fri, 27 Feb 2015 06:02:07 GMT
noodls – February 27, 2015 ONO PHARMACEUTICAL CO., LTD. … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Amgen Announces the European Medicines Agency Acceptance of Kyprolis® (carfilzomib) Marketing Authorization Application for the Treatment of Relapsed Multiple Myeloma
Thu, 26 Feb 2015 21:10:33 GMT
noodls – THOUSAND OAKS, Calif. and SOUTH SAN FRANCISCO, Calif. – Feb 26, 2015 Amgen (NASDAQ:AMGN) and its subsidiary Onyx Pharmaceuticals, Inc., today announced that the European Medicines Agency (EMA) has accepted …

4:06 pm Amgen and subsidiary Onyx Pharmaceuticals announce the European Medicines Agency has accepted the Marketing Authorization Application of Kyprolis
Thu, 26 Feb 2015 21:06:00 GMT

Amgen Announces The European Medicines Agency Acceptance Of Kyprolis® (Carfilzomib) Marketing Authorization Application For The Treatment Of Relapsed Multiple Myeloma
Thu, 26 Feb 2015 21:05:00 GMT
PR Newswire – THOUSAND OAKS, Calif. and SOUTH SAN FRANCISCO, Calif., Feb. 26, 2015 /PRNewswire/ — Amgen (AMGN) and its subsidiary Onyx Pharmaceuticals, Inc., today announced that the European Medicines Agency (EMA) has accepted the Marketing Authorization Application (MAA) of Kyprolis® (carfilzomib) for Injection for the treatment of patients with relapsed multiple myeloma who have received at least one prior therapy. Kyprolis is a proteasome inhibitor, one of the classes of drugs used to treat multiple myeloma, an incurable blood cancer affecting approximately 89,000 people in Europe.1 Nearly all patients with the disease experience periods of remission, followed by relapses and eventually their disease becomes resistant to treatment. The MAA includes data from the Phase 3 ASPIRE (CArfilzomib, Lenalidomide, and DexamethaSone versus Lenalidomide and Dexamethasone for the treatment of PatIents with Relapsed Multiple MyEloma) trial as well as other relevant data.

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