Biogen (BIIB) Offering Possible 21.95% Return Over the Next 10 Calendar Days

Biogen's most recent trend suggests a bullish bias. One trading opportunity on Biogen is a Bull Put Spread using a strike $310.00 short put and a strike $305.00 long put offers a potential 21.95% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $310.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $305.00 long put 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 up which suggests that the medium-term momentum for Biogen is bullish.

The RSI indicator is at 79.57 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

Biogen, Eisai’s Alzheimer’s Drug E2609 to Enter Late-Stage Trial
Tue, 09 Aug 2016 07:35:52 GMT

Eisai: FDA confirms enough data to move Alzheimer's drug to Phase III studies
Tue, 09 Aug 2016 07:01:08 GMT

[$$] Allergan Revenue Increases, Though Loss Widens
Tue, 09 Aug 2016 04:08:35 GMT

[$$] Allergan Revenue Increases, Though Loss Widens
Mon, 08 Aug 2016 18:26:35 GMT

Biogen: Not Your Grandmother's M&A Target
Fri, 05 Aug 2016 16:10:00 GMT

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