Amgen (AMGN) Offering Possible 23.61% 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 $175.00 short put and a strike $165.00 long put offers a potential 23.61% 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 $175.00 by expiration. The full premium credit of $1.91 would be kept by the premium seller. The risk of $8.09 would be incurred if the stock dropped below the $165.00 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 73.28 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

4:17 pm Amgen announces publiccation of four-year follow-up results from the Repatha OSLER-1 study in JAMA Cardiology
Tue, 14 Mar 2017 20:17:00 GMT

Repatha® (Evolocumab) Four-Year Open-Label Follow-Up Study Published In ‘JAMA Cardiology'
Tue, 14 Mar 2017 20:15:00 GMT
PR Newswire – THOUSAND OAKS, Calif., March 14, 2017 /PRNewswire/ — Amgen (AMGN) today announced that four-year follow-up results from the Repatha® (evolocumab) OSLER-1 study, the longest PCSK9 inhibitor clinical trial to date, were published in JAMA Cardiology. “For patients with cardiovascular disease, persistent LDL-C reduction is an important component of managing this chronic disease,” said Michael J. Koren, M.D., Jacksonville Center for Clinical Research.

Amgen Could Boost Rivals On Positive Heart-Disease Study: Analyst
Tue, 14 Mar 2017 20:06:46 GMT

Amgen To Webcast Investor Meeting At Upcoming American College Of Cardiology Scientific Sessions
Tue, 14 Mar 2017 20:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., March 14, 2017 /PRNewswire/ — Amgen (AMGN) will host a webcast investor meeting at the American College of Cardiology (ACC.17) Scientific Sessions on Friday, March 17, 2017, at noon ET. Sean E. Harper, M.D., executive vice president of Research and Development at Amgen, along with members of Amgen's clinical development team and clinical investigators, will participate at the investor meeting to discuss Amgen's cardiovascular program and data presented at ACC.17, including the Repatha® (evolocumab) cardiovascular outcomes study (FOURIER) Phase 3 results. The webcast, as with other selected presentations regarding developments in Amgen's business given at certain investor and medical conferences, can be accessed from Amgen's website, www.amgen.com, under Investors.

Amgen's Repatha Meets Primary Endpoint in Phase III Study
Tue, 14 Mar 2017 14:35:02 GMT

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