Amgen Offering Possible 10.38% Return Over the Next 10 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 10.38% return on risk over the next 10 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 $0.94 would be kept by the premium seller. The risk of $9.06 would be incurred if the stock dropped below the $105.00 long put 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 below 20 which suggests that the stock is in oversold 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

2 injured in explosion at Calif. lab
Thu, 09 Jan 2014 02:53:49 GMT

2 injured in explosion at Calif. lab
Thu, 09 Jan 2014 02:53:49 GMT
AP – A small explosion Wednesday at a biotechnology lab in South San Francisco sent two workers to the hospital with minor injuries. South San Francisco Fire Marshal Luis Da Silva said the “minor” …

Two people hurt in explosion at lab near San Francisco
Thu, 09 Jan 2014 01:30:20 GMT
Reuters – Two people were hurt on Wednesday in an explosion at an Amgen laboratory in the San Francisco Bay Area, the biotechnology company and a South San Francisco Fire Department official said. Amgen described the injuries suffered at its lab in the city of South San Francisco as minor. “We can confirm an incident at our South San Francisco site this afternoon,” Amgen said in a written statement. “We're working with the South San Francisco Fire Department to address the situation with the safety of our employees being our first priority.

Amgen Vs. Merck, Lilly In Osteoporosis Competition
Thu, 09 Jan 2014 00:40:29 GMT
Seeking Alpha – In early January Amgen ( AMGN ) and Belgian partner UCB announced results from a Phase 2 trial evaluating romosozumab (also known as AMG 785/CDP7851) in postmenopausal women with low bone mineral density….

General Electric boosts life sciences division with $1.06bn deal
Mon, 06 Jan 2014 17:29:21 GMT
Financial Times – General Electric has agreed to buy a gene modulation and magnetic bead business from Thermo Fisher Scientific in a $1.06bn deal that will boost the industrial conglomerate's life sciences division. The …

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