Biogen (BIIB) Offering Possible 40.85% Return Over the Next 23 Calendar Days

Biogen's most recent trend suggests a bullish bias. One trading opportunity on Biogen is a Bull Put Spread using a strike $445.00 short put and a strike $435.00 long put offers a potential 40.85% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $445.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock dropped below the $435.00 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 65.93 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

[$$] Biotech’s Rally Fuels Bubble Fears
Wed, 25 Mar 2015 02:53:30 GMT
The Wall Street Journal – Nasdaq bubble worries are back. But this time around, some investors and analysts are looking askance at biotechnology stocks instead of tech companies.

Eisai Soars On Alzheimer's Drug With Biogen: How Much Is BIIB037 Worth?
Wed, 25 Mar 2015 01:52:00 GMT

Is It Time to Consider Selling Biogen?
Tue, 24 Mar 2015 22:40:07 GMT

Stock Market Further Weakens; Nasdaq Dips Below 5000
Tue, 24 Mar 2015 18:51:00 GMT

Will pharma rally continue?
Tue, 24 Mar 2015 14:29:00 GMT

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