Amgen (AMGN) Offering Possible 36.99% Return Over the Next 26 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $141.00 short put and a strike $136.00 long put offers a potential 36.99% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $141.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $136.00 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 63.49 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

9:07 am Amgen submits Biologics License Application for investigational BiTE immunotherapy Blinatumomab
Mon, 22 Sep 2014 13:07:00 GMT

Amgen Submits Biologics License Application for Investigational BiTE® Immunotherapy Blinatumomab
Mon, 22 Sep 2014 13:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Sept. 22, 2014 /PRNewswire/ — Amgen (AMGN) today announced submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) seeking approval for its investigational bispecific T cell engager (BiTE®) antibody construct, blinatumomab. The BLA is for the treatment of adults with Philadelphia-negative (Ph-) relapsed/refractory B-precursor acute lymphoblastic leukemia (ALL), a rapidly progressing cancer of the blood and bone marrow.1 BiTE® antibody constructs represent an innovative immunotherapy approach that helps the body's immune system target cancer cells.

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