Biogen (BIIB) Offering Possible 25% Return Over the Next 9 Calendar Days

Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $290.00 short call and a strike $295.00 long call offers a potential 25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $290.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $295.00 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 at 36.02 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

7:06 am Biogen Idec and Sobi announce positive top-line efficacy and safety results from Phase 3 pediatric study of investigational therapy eloctate (rFVIIIFc) for hemophilia A; data showed twice-weekly prophylactic dosing with ELOCTATE mai
Fri, 11 Apr 2014 11:06:00 GMT

Hemophilia drug draws plaudits
Thu, 10 Apr 2014 22:49:00 GMT

Nasdaq plunges 3%; Dow closes down 267 points
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Thu, 10 Apr 2014 20:18:28 GMT

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Thu, 10 Apr 2014 20:02:00 GMT

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