Amgen (AMGN) Offering Possible 31.58% Return Over the Next 28 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $252.50 short put and a strike $247.50 long put offers a potential 31.58% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $252.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $247.50 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 53.28 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

Analysts Estimate Amgen (AMGN) to Report a Decline in Earnings: What to Look Out for
Tue, 21 Jul 2020 16:31:04 +0000
Amgen (AMGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Is Amgen Stock A Buy As It Takes A Dual Approach To Targeting Coronavirus?
Tue, 21 Jul 2020 13:00:53 +0000
Amgen stock broke out amid a two-pronged approach to coronavirus treatment, partnering with Adaptive Biotechnologies and testing Otezla in Covid-19. So, is Amgen stock a buy now?

Amgen Foundation Awards Khan Academy An Additional $3 Million To Support Science Learning And Educational Equity Amid COVID-19
Tue, 21 Jul 2020 13:00:00 +0000
The Amgen Foundation today announced the renewal of a $3 million grant to Khan Academy to support several key learning initiatives, including virtual biology lessons; partnerships with school districts facing budget shortfalls; and a collaboration with LabXchange, a new online science learning platform launched by Harvard and the Amgen Foundation earlier this year.

Better Buy: Amgen vs. Gilead Sciences
Tue, 21 Jul 2020 11:01:00 +0000
They're alike in some ways. But key differences make one of these big biotech stocks the better pick.

Pharmas Seeking to Overcome Patent Expirations
Thu, 16 Jul 2020 22:22:35 +0000
Takeda, Amgen among those losing exclusivity on key drugs Continue reading…

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