Amgen (AMGN) Offering Possible 21.95% Return Over the Next 14 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $170.00 short call and a strike $175.00 long call offers a potential 21.95% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $170.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $175.00 long call 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 down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 33.83 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen Set To Appear at ESMO Congress (AMGN)
Thu, 06 Oct 2016 22:50:00 GMT

Scientist Awarded for Research to Reveal Mysteries of Cells That Make Amgen Medicines
Thu, 06 Oct 2016 18:29:04 GMT
noodls – Amgen Scientist Huong Le is the first industrial recipient of the Martin Sinacore Outstanding Young Investigator Award for her Process Development expertise and advanced research with CHO cells. … This …

Amgen Is Committed to Raising Awareness About the Risk of Infection in Patients Undergoing Strong Chemotherapy
Thu, 06 Oct 2016 17:39:04 GMT
noodls – October is Breast Cancer Awareness Month, which is focused on increasing awareness about the most commonly diagnosed cancer in women. Among the 250,000 Americans who will be diagnosed with breast cancer …

4:12 pm Amgen will present new data in melanoma and metastatic colorectal cancer at ESMO that provides further insight into IMLYGIC (Talimogene Laherparepvec) as a Potentia
Wed, 05 Oct 2016 20:12:00 GMT

New Amgen Data In Melanoma And Metastatic Colorectal Cancer To Be Presented At The European Society For Medical Oncology 2016 Congress
Wed, 05 Oct 2016 20:10:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Oct. 5, 2016 /PRNewswire/ — Amgen (AMGN) today announced that new data on IMLYGIC® (talimogene laherparepvec) in combination with an immune checkpoint inhibitor and results from retrospective analyses on Vectibix® (panitumumab) will be presented at the European Society for Medical Oncology (ESMO) 2016 Congress, Oct. 7-11, 2016, in Copenhagen. “We look forward to sharing our research into the combination of a checkpoint inhibitor and Amgen's oncolytic immunotherapy in metastatic melanoma,” said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen.

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