Biogen (BIIB) Offering Possible 36.36% 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 $320.00 short call and a strike $327.50 long call offers a potential 36.36% 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 $320.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $5.50 would be incurred if the stock rose above the $327.50 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 27.74 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

Lightning Round: It's become too hard to play
Tue, 11 Aug 2015 23:23:00 GMT

A misguided attempt to rein in drug costs in Massachusetts
Tue, 11 Aug 2015 16:45:12 GMT

Top Analyst Upgrades and Downgrades: Adobe, Biogen, Google, PDC Energy, Rackspace, XL Group and Many More
Tue, 11 Aug 2015 12:45:47 GMT

Coverage initiated on Biogen by H.C. Wainwright
Tue, 11 Aug 2015 11:43:43 GMT

IBB claws its way back
Mon, 10 Aug 2015 18:08:00 GMT

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