Amgen (AMGN) Offering Possible 26.9% Return Over the Next 23 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $137.00 short put and a strike $132.00 long put offers a potential 26.9% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $137.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $132.00 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Amgen

Amgen edges up on trial results
Thu, 28 Aug 2014 22:42:00 GMT

Amgen's Chronic Heart Failure Drug Gets Priority Review
Thu, 28 Aug 2014 21:20:02 GMT

Amgen: Why Its New Drug Application is a Big Deal
Thu, 28 Aug 2014 19:17:00 GMT

Amgen seeks U.S. approval of new cholesterol-fighting drug
Thu, 28 Aug 2014 16:08:54 GMT
Reuters – Amgen Inc said on Thursday it applied to U.S. Amgen is racing with Regeneron Inc to bring to market the potentially lucrative new drugs aimed at patients unable to tolerate widely used statins, and those who cannot sufficiently lower cholesterol despite use of statins, such as Pfizer Inc's Lipitor, or other medicines. The injectable drugs work by blocking a naturally occurring protein called PCSK9 that prevents the liver from removing LDL cholesterol, the “bad” cholesterol, from the bloodstream.

Amgen submits U.S. application to sell cholesterol-fighting drug
Thu, 28 Aug 2014 13:45:18 GMT
Reuters – Amgen Inc said it submitted an application to the U.S. Food and Drug Administration to market its cholesterol-lowering drug, evolocumab. The injectable drug works by blocking PCSK9, a naturally occurring …

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