Amgen (AMGN) Offering Possible 6.95% Return Over the Next 15 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $165.00 short call and a strike $175.00 long call offers a potential 6.95% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $9.35 would be incurred if the stock rose above the $175.00 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 above 80 which suggests that the stock is in overbought 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

Trust Trumps Privacy In Battle For Patient Health Data
Sun, 09 Nov 2014 20:22:00 GMT

A Few Good Ten in the Nasdaq 100
Fri, 07 Nov 2014 14:57:46 GMT

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Thu, 06 Nov 2014 23:41:00 GMT

Amgen Highlights New Data In The Treatment Of Blood Cancers At ASH 2014
Thu, 06 Nov 2014 21:49:37 GMT
noodls – THOUSAND OAKS, Calif. and SOUTH SAN FRANCISCO, Calif., Nov. 6, 2014 /PRNewswire/ — Amgen (NASDAQ:AMGN) and its subsidiary, Onyx Pharmaceuticals, Inc., today announced that more than 50 abstracts from …

Amgen To Present At The Credit Suisse Annual Healthcare Conference
Thu, 06 Nov 2014 21:30:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Nov. 6, 2014 /PRNewswire/ — Amgen (NASDAQ: AMGN) will participate at the Credit Suisse Annual Healthcare Conference on Tuesday, Nov. 11, 2014, at The Arizona Biltmore in Phoenix, …

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