Amgen Offering Possible 10.86% Return Over the Next 25 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 10.86% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $9.02 would be incurred if the stock dropped below the $100.00 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 56.3 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

Glaxo’s China Sales Plunge 61% After Corruption Probe
Wed, 23 Oct 2013 11:15:12 GMT
Bloomberg – GlaxoSmithKline Plc said third- quarter sales of pharmaceuticals and vaccines in China fell 61 percent after an anti-corruption probe began there in July.

Amgen's CEO Discusses Q3 2013 Results – Earnings Call Transcript
Wed, 23 Oct 2013 01:14:01 GMT
Seeking Alpha – Amgen Inc. (AMGN) Q3 2013 Earnings Conference Call October 22, 2013 5:00 PM ET Executives Bob Bradway – Chairman of the Board, President, CEO Jon Peacock – EVP, CFO Sean Harper – EVP, Research and Development …

You're no genius so sell some stocks right now
Wed, 23 Oct 2013 01:03:00 GMT
MarketWatch – The hardest trade to make is usually the right one for the very reason that your emotions about your own stock picking prowess or lack thereof is usually wrong. No matter what happens to the bubbled stocks …

News Summary: Amgen 3Q profit, sales both jump
Tue, 22 Oct 2013 23:37:10 GMT

News Summary: Amgen 3Q profit, sales both jump
Tue, 22 Oct 2013 23:37:10 GMT
AP – THE RESULTS: Amgen, the world's biggest biotech company, saw sales jump 10 percent to $4.75 billion and net income skyrocket 24 percent to $1.37 billion in the third quarter. THE REASONS: Amgen benefited …

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