Amgen (AMGN) Offering Possible 57.73% Return Over the Next 20 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $177.50 short call and a strike $182.50 long call offers a potential 57.73% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $177.50 by expiration. The full premium credit of $1.83 would be kept by the premium seller. The risk of $3.17 would be incurred if the stock rose above the $182.50 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 24.8 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen Announces Webcast Of 2019 Second Quarter Financial Results
Thu, 25 Jul 2019 20:00:00 +0000
THOUSAND OAKS, Calif., July 25, 2019 /PRNewswire/ — Amgen (AMGN) today announced that it will report its second quarter financial results on Tuesday, July 30, 2019, after the close of the U.S. financial markets. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen's senior management team. The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com, under Investors.

UPDATE 1-Drug makers met with Trump to argue against Senate pricing bill
Thu, 25 Jul 2019 17:52:03 +0000

Roche (RHHBY) 1H19 Earnings & Sales Up Y/Y, View Raised
Thu, 25 Jul 2019 11:25:11 +0000
Roche's (RHHBY) performance in the first half of 2019 is driven by solid strength in new drugs, which more than offset competition from biosimilars.

Is a Beat in the Cards for Celgene's (CELG) Q2 Earnings?
Wed, 24 Jul 2019 04:30:04 +0000
Investors are looking forward to Revlimid's performance and updates on the acquisition by Bristol-Myers, when Celgene Corporation (CELG) reports Q2 results.

Amgen (AMGN) Gains But Lags Market: What You Should Know
Tue, 23 Jul 2019 21:50:09 +0000
In the latest trading session, Amgen (AMGN) closed at $176.01, marking a +0.07% move from the previous day.

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