Amgen Offering Possible 20.34% Return Over the Next 25 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 20.34% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $8.31 would be incurred if the stock rose above the $125.00 long call 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 at 51.16 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Bayer bids $2.4 billion for Norwegian cancer drug partner Algeta
Tue, 26 Nov 2013 11:03:46 GMT

Bayer/Amgen's Nexavar Label Expanded
Mon, 25 Nov 2013 20:30:03 GMT
Zacks – The FDA approved Bayer/Amgen's Nexavar for an additional indication.

3 Monday Morning Biotech Movers
Mon, 25 Nov 2013 17:15:03 GMT
Wall St. Cheat Sheet – Tom Meyer talks Amgen, Ariad Pharmaceuticals, and Orexigen Therapeutics making big moves in the biotechnology industry.

InPlay: Amgen receives FDA approval for NEXAVAR for the treatment of patients with locally recurrent or metastatic, progressive, differentiated thyroid carcinoma refractory to radioactive iodine treatment
Mon, 25 Nov 2013 06:45:36 GMT

3 New Cholesterol Treatments Worth Watching
Sun, 24 Nov 2013 14:28:02 GMT
Motley Fool – Will PCSK9 treatments from Sanofi, Regeneron, and Amgen usher in a new age of cholesterol drugs, which were previously dominated by Pfizer, Merck, and AstraZeneca?

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