Amgen (AMGN) Offering Possible 43.68% 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 $152.50 short call and a strike $157.50 long call offers a potential 43.68% 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 $152.50 by expiration. The full premium credit of $1.52 would be kept by the premium seller. The risk of $3.48 would be incurred if the stock rose above the $157.50 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 below 20 which suggests that the stock is in oversold territory.

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 Sponsors QB3@953 Incubator For Life Science Startups
Wed, 22 Jun 2016 22:09:01 GMT
noodls – SAN FRANCISCO, June 22, 2016 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced a five-year, platinum sponsorship of the QB3@953 life sciences incubator to accelerate the development of new therapies …

Amgen Sponsors QB3@953 Incubator For Life Science Startups
Wed, 22 Jun 2016 22:00:00 GMT
PR Newswire – SAN FRANCISCO, June 22, 2016 /PRNewswire/ — Amgen (AMGN) today announced a five-year, platinum sponsorship of the QB3@953 life sciences incubator to accelerate the development of new therapies to improve human health. The shared laboratory space at QB3@953 was created to help high-potential life science and biotech startups overcome a key obstacle for many early stage organizations – access to laboratory infrastructure. As part of the sponsorship, Amgen launched two “Amgen Golden Ticket” awards, providing each winner with one year of lab space at the QB3@953 life sciences incubator, additional facility benefits and connections to Amgen's scientific and business leaders.

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