Biogen (BIIB) Offering Possible 27.12% Return Over the Next 30 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 $297.50 long call offers a potential 27.12% return on risk over the next 30 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 $1.60 would be kept by the premium seller. The risk of $5.90 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 at 39.89 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 Faces No Easy Opportunities
Wed, 21 Dec 2016 05:35:43 GMT

Investors see Biogen CEO choice as friendly to potential takeover
Tue, 20 Dec 2016 22:50:58 GMT

3 Reasons Biogen Inc. Stock Is Set to Soar in 2017
Tue, 20 Dec 2016 22:36:26 GMT

[$$] Biogen Declares Special Dividend to Complete Hemophilia Spinoff
Tue, 20 Dec 2016 22:01:42 GMT

Biogen Approves Spin-out of Hemophilia Business
Tue, 20 Dec 2016 21:56:00 GMT

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