Amgen (AMGN) Offering Possible 9.13% 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 $152.50 short put and a strike $147.00 long put offers a potential 9.13% 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 $152.50 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $5.04 would be incurred if the stock dropped below the $147.00 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 72.97 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

Trump's Comments Slam Drug Stocks
Wed, 11 Jan 2017 18:59:35 GMT

Biotech Stock Roundup: ARIAD to be Acquired for $5.2B, Vertex Outlook Falls Short
Wed, 11 Jan 2017 14:13:02 GMT

Amgen: Phase III Data on Hyperparathyroidism Drug Published
Wed, 11 Jan 2017 13:24:01 GMT

4:13 pm Amgen announced the Journal of the American Medical Association publication of findings from three Phase 3 studies of Parsabiv (etelcalcetide), an investigational intravenous calcimimetic agent in the U.S
Tue, 10 Jan 2017 21:13:00 GMT

Study Results Published in the Journal of the American Medical Association Show Amgen's Parsabiv™ (Etelcalcetide) Significantly Reduced Serum Parathyroid Hormone in Adults With Secondary Hyperparathyroidism on Hemodialysis
Tue, 10 Jan 2017 21:12:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Jan. 10, 2017 /PRNewswire/ — Amgen (AMGN) today announced the Journal of the American Medical Association (JAMA) publication of findings from three Phase 3 studies of Parsabiv™ (etelcalcetide), an investigational intravenous calcimimetic agent in the U.S. The studies evaluated Parsabiv in more than 1,700 adults with secondary hyperparathyroidism (sHPT) on hemodialysis and showed that the drug produced statistically significant and clinically meaningful reductions in serum parathyroid hormone (PTH) levels, a key marker of sHPT. “sHPT is often a progressive condition in patients with advanced chronic kidney disease, including those with kidney failure.

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