Biogen (BIIB) Offering Possible 13.64% Return Over the Next 36 Calendar Days

Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $295.00 short call and a strike $305.00 long call offers a potential 13.64% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $295.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock rose above the $305.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Biogen 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 down which suggests that the medium-term momentum for Biogen is bearish.

The RSI indicator is at 24.15 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 Biogen

3 Top Biotech Stocks to Buy on Sale
Wed, 14 Dec 2016 22:57:50 GMT

SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Biogen Inc. and Encourages Investors with Losses In Excess of $250,000 to Contact the Firm
Wed, 14 Dec 2016 16:36:00 GMT
Accesswire – LOS ANGELES, CA / ACCESSWIRE / December 14, 2016 / Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Biogen Inc. (“Biogen” or the “Company”) (NASDAQ: …

Investor Alert – Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action Against Biogen Inc. (BIIB) & Lead Plaintiff Deadline – December 23, 2016
Wed, 14 Dec 2016 15:12:00 GMT
Accesswire – NEW YORK, NY / ACCESSWIRE / December 14, 2016 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Biogen Inc. (“Biogen” or the “Company”) …

Is Biogen Idec Inc. (BIIB) a Good Stock to Buy?
Wed, 14 Dec 2016 07:27:47 GMT

Biogen to cut more than 200 jobs as part of Mass. manufacturing exit
Wed, 14 Dec 2016 01:37:58 GMT

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