Celgene (CELG) Offering Possible 11.36% Return Over the Next 15 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 11.36% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock dropped below the $130.00 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 71.19 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

Biotech Sector Performance in April: Gilead Sciences Rising
Fri, 02 May 2014 13:49:00 GMT

Up 50%: Merrimack Pharmaceuticals' Groundbreaking News
Thu, 01 May 2014 22:32:33 GMT

No Longer King Of The North, Pfizer Looks To Recapture Crown
Wed, 30 Apr 2014 13:01:00 GMT

Earnings Roundup: Celgene's Rock-Solid Quarter Offers Opportunity
Tue, 29 Apr 2014 22:32:31 GMT

Wall Street up for second day on earnings cheer; biotechs rebound: Stock market live blog recap
Tue, 29 Apr 2014 20:24:00 GMT

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