Biogen (BIIB) Offering Possible 25% Return Over the Next 9 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 25% return on risk over the next 9 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 $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $305.00 long put 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 up which suggests that the medium-term momentum for Biogen is bullish.

The RSI indicator is at 79.15 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

The Zacks Analyst Blog Highlights: Intel, Align Technology, Qorvo and Biogen
Tue, 09 Aug 2016 13:30:01 GMT

Biogen's hemophilia business spinoff planned for early 2017
Tue, 09 Aug 2016 13:26:19 GMT

Biogen Announces Bioverativ as Name of New Hemophilia-Focused Company
Tue, 09 Aug 2016 13:10:08 GMT
noodls – CAMBRIDGE, Mass.–(BUSINESS WIRE)–Biogen (NASDAQ: BIIB) today announced that Bioverativ will be the name of the standalone, publicly-traded global biotechnology company that it expects to launch in early …

What Do Analysts Recommend for Regeneron after 2Q16 Earnings?
Tue, 09 Aug 2016 13:08:47 GMT

9:02 am Biogen announces that ‘Bioverativ' will be the name of the standalone, publicly-traded global biotechnology company that it expects to launch in early 2017
Tue, 09 Aug 2016 13:02:00 GMT

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