Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $90.50 short put and a strike $85.50 long put offers a potential 10.38% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $85.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Celgene 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 Celgene is bullish.
The RSI indicator is at 72 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 Celgene
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Sat, 11 Aug 2018 18:10:00 +0000
Maybe not value stocks by the traditional definition, but there's no arguing that CenturyLink, GM, and Celgene are cheap today.
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Why Celgene Corporation Bounced Back in July
Fri, 10 Aug 2018 13:00:00 +0000
The biotech company racked up a trio of clinical hits last month, sparking a double-digit rally in its shares.
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Fri, 10 Aug 2018 02:25:00 +0000
Billionaire activist-investor Carl Icahn thinks Cigna’s planned tie-up with Express Scripts is a big blunder.
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Thu, 09 Aug 2018 20:05:04 +0000
What a killer earnings result it was from Roku (NASDAQ:ROKU) and investors are having no reservations about bidding it up in response. Now rallying right into its prior high, keep an eye on Roku. Besting Roku on the day was Yelp (NASDAQ:YELP), which closed higher by nearly 30% vs Wednesday’s close.
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