Amgen (AMGN) Offering Possible 23.3% Return Over the Next 37 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 23.3% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.89 would be kept by the premium seller. The risk of $8.11 would be incurred if the stock dropped below the $130.00 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 52.04 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

Celgene (CELG) Posts Encouraging One-Year Data on Otezla
Tue, 13 Oct 2015 21:00:09 GMT

Amgen And LabCentral Announce 2015 Golden Ticket Winners
Tue, 13 Oct 2015 20:28:11 GMT
noodls – CAMBRIDGE, Mass., Oct. 13, 2015 /PRNewswire/ — Amgen (NASDAQ: AMGN) and LabCentral announced today that Novopyxis, Inc. and Cocoon Biotech, Inc. are Amgen's 2015 selection for Golden Ticket winners, which …

Amgen And LabCentral Announce 2015 Golden Ticket Winners
Tue, 13 Oct 2015 20:00:00 GMT
PR Newswire – CAMBRIDGE, Mass., Oct. 13, 2015 /PRNewswire/ — Amgen (AMGN) and LabCentral announced today that Novopyxis, Inc. and Cocoon Biotech, Inc. are Amgen's 2015 selection for Golden Ticket winners, which supply each company with lab space at LabCentral. LabCentral is an innovative, shared laboratory space designed as a launchpad for life-sciences and biotech startups. As one of LabCentral's platinum sponsors, Amgen can nominate up to two early-stage companies per year to take up residence in LabCentral's Kendall Square facilities in Cambridge, Mass. Novopyxis and Cocoon Biotech are each working on new ways to deliver potential life-changing therapies.

Biotech Stocks Better Beat Earnings Forecasts…Or Else
Tue, 13 Oct 2015 14:56:00 GMT

3:43 am Amgen announces findings from a randomized, double-blind, double-dummy, multicenter Phase 4 study of Prolia
Tue, 13 Oct 2015 07:43:00 GMT

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