Amgen (AMGN) Offering Possible 7.87% Return Over the Next 16 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 7.87% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $9.27 would be incurred if the stock dropped below the $110.00 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 53.23 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. Pays GlaxoSmithKline plc (ADR) to Go Away
Fri, 04 Apr 2014 00:43:56 GMT

Does Amgen Have the Next Lipitor on Its Hands?
Thu, 03 Apr 2014 18:31:57 GMT

AMGN May 23rd Options Begin Trading
Thu, 03 Apr 2014 15:52:00 GMT

Amgen ends marketing agreement with GSK for osteoporosis drug
Thu, 03 Apr 2014 15:41:13 GMT

Amgen, GSK End Marketing Partnership for Osteoporosis Drug
Thu, 03 Apr 2014 15:12:10 GMT

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