Amgen (AMGN) Offering Possible 21.95% Return Over the Next 15 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $235.00 short put and a strike $230.00 long put offers a potential 21.95% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 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 dropped below the $230.00 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 72.23 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Tracking Q2 and Full-Year 2020 Earnings Estimates
Tue, 28 Apr 2020 16:33:04 +0000
Tracking Q2 and Full-Year 2020 Earnings Estimates

Amgen (AMGN) to Report Q1 Earnings: What's in the Cards?
Tue, 28 Apr 2020 15:18:03 +0000
Investor focus is likely to be on the impact of the coronavirus outbreak on Amgen's (AMGN) performance when it reports first-quarter results.

Biotech Heavyweight Amgen Enters The Coronavirus Arena — But Is It A Buy?
Tue, 28 Apr 2020 13:00:53 +0000
Amgen stock is facing concerns that biosimilars could chip away at some of its biggest moneymakers. Is it time to buy shares of the biotech company?

Amgen Announces Webcast Of 2020 First Quarter Financial Results
Mon, 27 Apr 2020 20:01:00 +0000
Amgen (NASDAQ:AMGN) today announced that it will report its first quarter financial results on Thursday, April 30, 2020, after the close of the U.S. financial markets. The announcement will be followed by a conference call with the investment community at 2:30 p.m. PT. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen's senior management team.

Amgen Looks Set to Soar to New Heights – Despite the Naysayers
Mon, 27 Apr 2020 16:43:00 +0000
Shares of Amgen Inc. are getting close to an upside technical breakout. As a chart watcher I find this is interesting in that some fundamental analysts contend that AMGN is exposed to a recession and spike in unemployment since they have a larger portion of revenue tied to older medicines.

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