Amgen (AMGN) Offering Possible 35.14% Return Over the Next 19 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 35.14% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $116.00 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 58.65 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 Inc Earnings Call scheduled for 5:00 pm ET today
Tue, 29 Jul 2014 11:34:48 GMT

Q2 2014 Amgen Earnings Release – After Market Close
Tue, 29 Jul 2014 11:07:06 GMT

Top 5 Earnings Reports To Watch After The Close Tue.
Mon, 28 Jul 2014 22:49:00 GMT

Why the Fed could start raising rates sooner than you think
Mon, 28 Jul 2014 20:36:58 GMT

Amgen Shares Have the Right Prescription for Long-Term Growth
Mon, 28 Jul 2014 16:06:00 GMT

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