Amgen (AMGN) Offering Possible 23.76% Return Over the Next 11 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $165.00 short call and a strike $170.00 long call offers a potential 23.76% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock rose above the $170.00 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 up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 60.8 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen on the hunt for potential $10bn deal
Mon, 09 Nov 2015 10:24:19 GMT
Financial Times – Amgen, one of the four largest US biotech groups, is on the hunt for potential acquisitions, according to people familiar with the situation, as it prepares to end its self-imposed exile from the boom …

3:30 am Amgen reports Phase 3 results highlighting the potential of novel intravenous calcimimetic treatment option; study met primary and secondary end points
Mon, 09 Nov 2015 08:30:00 GMT

Cytokinetics, Amgen drug shows promise in heart failure study
Sun, 08 Nov 2015 20:45:01 GMT

Amgen and Cytokinetics Announce Late-Breaking Presentation of COSMIC-HF Trial at AHA Scientific Sessions 2015
Sun, 08 Nov 2015 20:45:00 GMT
GlobeNewswire – THOUSAND OAKS, Calif. and SOUTH SAN FRANCISCO, Calif., Nov. 08, 2015– Amgen and Cytokinetics Incorporated today announced the presentation of data from the expansion phase of COSMIC-HF, a Phase 2 trial …

Amgen And Cytokinetics Announce Late-Breaking Presentation Of COSMIC-HF Trial At AHA Scientific Sessions 2015
Sun, 08 Nov 2015 20:45:00 GMT
PR Newswire – THOUSAND OAKS, Calif. and SOUTH SAN FRANCISCO, Calif., Nov. 8, 2015 /PRNewswire/ — Amgen (AMGN) and Cytokinetics Incorporated (CYTK) today announced the presentation of data from the expansion phase of COSMIC-HF (Chronic Oral Study of Myosin Activation to Increase Contractility in Heart Failure), a Phase 2 trial evaluating omecamtiv mecarbil in patients with chronic heart failure, in a Late-Breaking Clinical Trial session at the American Heart Association (AHA) Scientific Sessions 2015 in Orlando, Fla. The trial met its primary pharmacokinetic objective and demonstrated statistically significant improvements in all pre-specified secondary measures of cardiac function in the treatment group employing pharmacokinetic-based dose titration.

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