Amgen Offering Possible 8.7% Return Over the Next 40 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 8.7% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock rose above the $130.00 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 41.47 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

You're not a genius so sell some stock right now
Sun, 10 Nov 2013 15:35:00 GMT
MarketWatch – And most important, the question is — what's the “smart” thing do now? I work everyday to try to stay on top of when this bubble blowing bull market part of the cycle is going to end — and …

Amgen To Present At The Credit Suisse Annual Healthcare Conference
Fri, 08 Nov 2013 22:51:37 GMT
noodls – THOUSAND OAKS, Calif., Nov. 8, 2013 /PRNewswire/ — Amgen (NASDAQ: AMGN) will participate at the Credit Suisse Annual Healthcare Conference on Wednesday, Nov. 13, 2013, at The Phoenician in Scottsdale, …

Amgen To Present At The Credit Suisse Annual Healthcare Conference
Fri, 08 Nov 2013 21:15:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Nov. 8, 2013 /PRNewswire/ — Amgen (NASDAQ: AMGN) will participate at the Credit Suisse Annual Healthcare Conference on Wednesday, Nov. 13, 2013, at The Phoenician in Scottsdale, …

Ex-Dividend Reminder: Amgen, Protective Life and Duke Realty
Fri, 08 Nov 2013 15:04:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/12/13, Amgen Inc (NASD: AMGN), Protective Life Corp. (NYSE: PL), and Duke Realty Corp. (NYSE: DRE) will all trade ex-dividend for their respective upcoming dividends. Amgen Inc will pay its quarterly dividend of $0.47 on 12/6/13, Protective Life […]

Amgen and Onyx Pharmaceuticals Announce Upcoming Data Presentations at 55th American Society of Hematology Annual Meeting
Thu, 07 Nov 2013 23:30:22 GMT
noodls – THOUSAND OAKS and SOUTH SAN FRANCISCO, Calif., Nov. 7, 2013 /PRNewswire/ — Amgen (NASDAQ:AMGN) and its subsidiary Onyx Pharmaceuticals, Inc. today announced that nearly 40 company-sponsored and investigator-sponsored …

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