Biogen (BIIB) Offering Possible 14.94% Return Over the Next 4 Calendar Days

Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $292.50 short call and a strike $297.50 long call offers a potential 14.94% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $292.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $297.50 long call strike price.

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

Better Buy: Amgen Inc. vs. Biogen
Mon, 12 Dec 2016 05:34:49 GMT

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action Against Biogen Inc. (BIIB) & Lead Plaintiff Deadline: December 23, 2016
Mon, 12 Dec 2016 05:12:00 GMT
Accesswire – NEW YORK / ACCESSWIRE / December 12, 2016 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Biogen Inc. (“Biogen” or the “Company”) …

3:55 am Biogen presents Phase 1b data for aducanumab
Sun, 11 Dec 2016 08:55:00 GMT

Is Biogen's Aducanumab a Game-Changing Alzheimer's Drug?
Sat, 10 Dec 2016 12:41:06 GMT

Biogen Underplays Promising Alzheimer's Data On Seizure Worries
Fri, 09 Dec 2016 22:29:57 GMT

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