Amgen (AMGN) Offering Possible 8.11% Return Over the Next 26 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 8.11% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $9.25 would be incurred if the stock dropped below the $105.00 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 57.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Biotech R&D spending outpaces revenue growth-report
Tue, 24 Jun 2014 00:01:00 GMT

New Hurdle in Investors’ Class Actions
Mon, 23 Jun 2014 16:55:52 GMT

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Mon, 23 Jun 2014 15:52:50 GMT

3 Undervalued Amgen Growth Opportunities to Watch
Mon, 16 Jun 2014 21:32:00 GMT

Amgen Joins The National Cancer Institute And Research Partners To Help Accelerate Development Of Personalized Treatment Approaches For Squamous Cell Lung Cancer
Mon, 16 Jun 2014 20:03:00 GMT
PR Newswire – THOUSAND OAKS, Calif., June 16, 2014 /PRNewswire/ — Amgen (AMGN) announced today that it will collaborate with the National Cancer Institute (NCI), part of the National Institutes of Health, and other public and private sector partners on the Lung Master Protocol (Lung-MAP), a groundbreaking new clinical trial program that will use biomarker-driven research and genomic profiling to match squamous cell lung cancer patients to investigational treatments based on their individual cancer profiles. Lung-MAP is the first trial of its kind to study a large number of rare lung cancer subsets under one trial protocol. Five investigational drugs have been selected for inclusion in the initial trial, including Amgen's rilotumumab, an investigational fully human monoclonal antibody designed to inhibit cancer cell growth and migration. “Amgen has been at the forefront of biomarker research in an effort to help the medical community understand the different mechanisms of cancer progression and ensure that patients receive treatments that will provide the greatest benefit,” said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen.

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