Amgen (AMGN) Offering Possible 27.88% Return Over the Next 24 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $190.00 short call and a strike $195.00 long call offers a potential 27.88% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock rose above the $195.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amgen is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 70.03 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

Amgen Foundation Pledges Up To $5 Million To Hurricane Maria Relief Efforts
Fri, 22 Sep 2017 20:53:00 +0000
THOUSAND OAKS, Calif., Sept. 22, 2017 /PRNewswire/ — Amgen (AMGN) today announced that the Amgen Foundation has pledged $3 million to support urgent Hurricane Maria relief efforts in Puerto Rico. The Foundation also has committed up to an additional $2 million for longer-term rebuilding efforts.  Amgen is also activating its Staff Disaster Relief Fund to aid Amgen staff in Puerto Rico, including financial assistance for shelter, medical attention, clothing and other critical relief.

Gilead, Amgen, and Biogen May Lift Biotech Higher
Fri, 22 Sep 2017 10:00:00 +0000
These drug juggernauts could bolster the entire biotechnology sector as we head toward year-end.

Pfizer Sues J&J, Accuses it of Preventing Inflectra Uptake
Thu, 21 Sep 2017 14:25:02 +0000
Pfizer (PFE) filed a lawsuit in a U.S. district court alleging that J&J is resorting to anticompetitive practices to prevent uptake of Inflectra.

See what the IHS Markit Score report has to say about Amgen Inc.
Thu, 21 Sep 2017 12:00:49 +0000
Amgen Inc NASDAQ/NGS:AMGN

AMGEN (AMGN) ALERT: Johnson Fistel Announces Investigation of Amgen Inc.; Investors that Bought Before March 17, 2017, Encouraged to Contact the Firm
Thu, 21 Sep 2017 00:01:00 +0000
SAN DIEGO , Sept. 20, 2017 /PRNewswire/ — Johnson Fistel, LLP, a shareholder rights law firm, is investigating potential claims on behalf of investors of Amgen Inc. (NASDAQ: AMGN) (“Amgen”). …

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