Amgen Offering Possible 10.99% Return Over the Next 32 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 10.99% return on risk over the next 32 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 $0.99 would be kept by the premium seller. The risk of $9.01 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 60.84 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 Increases Dividend 30%, But Is It A Buy?
Mon, 17 Feb 2014 20:16:24 GMT

Companies Squeeze 401(k) Plans From Facebook to JPMorgan
Fri, 14 Feb 2014 05:01:00 GMT
Bloomberg – Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Major companies that have engaged in such practices in recent years include Whole Foods Market Inc. (WFM) , Facebook Inc., Oracle Corp. (ORCL), Caesars Entertainment Corp. and JPMorgan Chase & Co. More from Bloomberg.com: Comcast Agrees to Buy Time Warner Cable for $45.2 Billion A difference of three percentage points on a match can add up to hundreds of thousands of dollars lost for employees over the course of their careers.

Illumina, Alexion Lead 4 Big Caps Drawing Big Buyers
Wed, 12 Feb 2014 13:02:00 GMT

Short Sellers Shy Away From Biotechs
Wed, 12 Feb 2014 11:50:41 GMT

Amgen Inc's Deep Pipeline Offsets Some of the Price Risk
Tue, 11 Feb 2014 23:34:05 GMT

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