Amgen (AMGN) Offering Possible 6.38% Return Over the Next 8 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 6.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $167.50 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 65.65 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. – Value Analysis (NASDAQ:AMGN) : September 6, 2017
Wed, 06 Sep 2017 02:40:21 +0000
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Amgen, Inc. a score of 41. Our analysis is based on comparing Amgen, Inc. with the following peers – Pfizer Inc., Bristol-Myers Squibb Company, GlaxoSmithKline plc Sponsored ADR, Gilead Sciences, Inc., Biogen Inc., Celgene Corporation, AbbVie, Inc., Alexion Pharmaceuticals, Inc., Illumina, Inc. and Eli Lilly and Company … Read more
(Read more…)

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Mon, 04 Sep 2017 15:32:00 +0000
99% of biotech stocks don't pay a dividend — but these two have a market-topping yield.

Key FDA Regulatory Events to Watch Out for in Sep 2017
Mon, 04 Sep 2017 12:05:12 +0000
Will the FDA follow the recommendation of its advisory panel and give its nod to Amgen (AMGN) and Mylan's biosimilars?

[$$] Clinical Development News, Aug. 28-Sept. 1
Fri, 01 Sep 2017 23:37:49 +0000
The following is a list of clinical development news from private and public companies during the week of Aug. 28-Sept. 1.

Amgen Gets EU Nod to Expand Hyperparathyroidism Drug Label
Fri, 01 Sep 2017 15:11:03 +0000
The European Commission approves Amgen's (AMGN) marketing application for Mimpara's pediatric formulation to heal secondary hyperparathyroidism (HPT).

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