Amgen (AMGN) Offering Possible 35.87% Return Over the Next 22 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 35.87% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $167.50 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 26.56 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

11 improving health-care companies whose stocks are loved by analysts
Thu, 27 Oct 2016 09:04:48 GMT

Amgen Invests in Israeli Digital Health Co. (AMGN)
Wed, 26 Oct 2016 19:32:00 GMT

Zacks: Amgen To Surpass Q3 Expectations (AMGN)
Wed, 26 Oct 2016 16:23:00 GMT

Biogen profit tops expectations; focus on CEO search, new drugs
Wed, 26 Oct 2016 14:47:10 GMT

Biotech Stock Roundup: Clinical Holds Hit Inovio & Aduro, Vertex Q3 Results Miss Estimates
Wed, 26 Oct 2016 13:43:01 GMT

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