Amgen (AMGN) Offering Possible 21.95% Return Over the Next 24 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $235.00 short call and a strike $245.00 long call offers a potential 21.95% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $235.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $8.20 would be incurred if the stock rose above the $245.00 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 55.19 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

Amgen (AMGN) Stock Moves -0.52%: What You Should Know
Fri, 21 Jan 2022 23:00:11 +0000
Amgen (AMGN) closed the most recent trading day at $227.72, moving -0.52% from the previous trading session.

3 Healthcare Stocks With High Dividends
Fri, 21 Jan 2022 23:00:00 +0000
So far 2022 has been brutal for growth stocks. A good place to hide might be the healthcare sector. It's a great defensive play, as healthcare is as basic as food. And these stocks all pay a nice dividend.

Beacon Financial Advisory LLC Buys McDonald's Corp, First Trust NASDAQ Rising Dividend …
Fri, 21 Jan 2022 22:38:13 +0000
Investment company Beacon Financial Advisory LLC (Current Portfolio) buys McDonald's Corp, First Trust NASDAQ Rising Dividend Achievers ETF, Nucor Corp, PIMCO Intermediate Municipal Bond Active Exchange-, iShares 0-5 Year TIPS Bond ETF, sells Tesla Inc, Paychex Inc, iShares MBS ETF, iShares Fallen Angels USD Bond ETF, iShares 1-3 Year Credit Bond ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Beacon Financial Advisory LLC.

Amgen's (AMGN) KRAS Inhibitor Gets Nod in Japan for Lung Cancer
Fri, 21 Jan 2022 18:11:06 +0000
Amgen's (AMGN) KRAS inhibitor, Lumakras, gets approval in Japan for the treatment of KRAS G12C-mutated positive advanced/recurrent non-small-cell lung cancer.

J&J (JNJ) to Set the Stage for Pharma Sector Q4 Earnings
Fri, 21 Jan 2022 14:18:02 +0000
J&J's (JNJ) Pharma segment is expected to have performed above the market. It remains to be seen if sales improved in the Medical Devices segment in the fourth quarter.

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