Amgen (AMGN) Offering Possible 27.55% Return Over the Next 22 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $138.00 short put and a strike $133.00 long put offers a potential 27.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $138.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $133.00 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

Race for cholesterol drugs
Tue, 02 Sep 2014 12:17:00 GMT

Amgen Submits Marketing Authorization Application For Talimogene Laherparepvec To The European Medicines Agency
Tue, 02 Sep 2014 12:15:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Sept. 2, 2014 /PRNewswire/ — Amgen (AMGN) today announced the submission of a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) via the centralized procedure for talimogene laherparepvec seeking approval for the treatment of adults with melanoma that is regionally or distantly metastatic. Talimogene laherparepvec is an investigational oncolytic immunotherapy administered as an intralesional injection that is designed to initiate a systemic anti-tumor immune response. If approved, talimogene laherparepvec will represent the first in a class of novel agents known as oncolytic immunotherapies. The MAA for talimogene laherparepvec contains data from more than 400 patients and is based on a global, randomized, open-label Phase 3 trial evaluating the safety and efficacy of talimogene laherparepvec in patients with stage IIIB, IIIC or IV melanoma when resection was not recommended compared to granulocyte-macrophage colony-stimulating factor (GM-CSF).

8:09 am Amgen submits Marketing Authorization Application for novel investigational LDL cholesterol-lowering medication Evolocumab to the EMA
Tue, 02 Sep 2014 12:09:00 GMT

Amgen Submits Marketing Authorization Application For Novel Investigational LDL Cholesterol-Lowering Medication Evolocumab To The European Medicines Agency
Tue, 02 Sep 2014 12:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Sept. 2, 2014 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced the submission of a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) via the centralized …

Study raises concerns over Servier, Amgen heart drug
Sun, 31 Aug 2014 14:30:00 GMT
Reuters – A major clinical study has raised concerns about a drug from private French company Servier that helps lower the heart rate and which was licensed to U.S. Ivabradine is not currently approved in the United States but it is sold in Europe for treating stable angina, or chest pain due to obstruction of heart arteries, and for heart failure, when the heart fails to pump blood effectively. The increase in the combined risk of cardiovascular death and heart attack in this patient group was small but statistically significant, with 7.6 percent of them suffering an adverse event against 6.5 percent of those on placebo. A commentary in the New England Journal of Medicine, where the results were also published, said more research was needed to understand the finding and in the meantime doctors should “exercise caution” in using the drug in severe angina patients.

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