Amgen (AMGN) Offering Possible 32.63% Return Over the Next 16 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $126.00 short put and a strike $121.00 long put offers a potential 32.63% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $126.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock dropped below the $121.00 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 at 66.08 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

Radius CEO: Osteoporosis Drug on Track Despite Skittish Stock
Thu, 31 Jul 2014 18:46:00 GMT

Amgen's Second Quarter 2014 Revenues Increased 11 Percent To $5.2 Billion And Adjusted Earnings Per Share (EPS) Increased 25 Percent To $2.37
Thu, 31 Jul 2014 10:09:59 GMT
noodls – Amgen's Second Quarter 2014 Revenues Increased 11 Percent To $5.2 Billion And Adjusted Earnings Per Share (EPS) Increased 25 Percent To $2.37 Second Quarter 2014 GAAP EPS Were $2.01 2014 Total Revenues …

[$$] Drug Firms Buy $67.5 Million Voucher to Speed FDA Review
Thu, 31 Jul 2014 05:08:06 GMT
The Wall Street Journal – Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.

Cramer's 5 steps of the stock market
Wed, 30 Jul 2014 22:00:00 GMT

AMGEN INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Wed, 30 Jul 2014 21:02:31 GMT

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