Amgen (AMGN) Offering Possible 6.38% Return Over the Next 30 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 6.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $100.00 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 58.96 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 Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreem
Thu, 22 May 2014 20:25:41 GMT

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Business Wire – MIRAMAR BEACH, Fla.–(BUSINESSWIRE)– As they continue to spread the word about the revolutionary BiO Assay, joint venture partners Rainbow Coral Corp. (OTCBB: RBCC) and Nano3D Biosciences (n3D) are taking …

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Wed, 21 May 2014 13:12:17 GMT

Amgen says journal publishes ‘positive' data for asthma treatment
Tue, 20 May 2014 20:03:24 GMT

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