Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 16.01% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $8.62 would be incurred if the stock dropped below the $100.00 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 65.3 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
Cramer: America first
Thu, 15 Jan 2015 23:00:00 GMT
You are what you buy?
Thu, 15 Jan 2015 22:40:00 GMT
The Zacks Analyst Blog Highlights: NPS Pharmaceuticals, Celgene, Pharmacyclics, Agenus and Incyte – Press Releases
Thu, 15 Jan 2015 14:30:02 GMT
Zacks Rank #1 Additions for Thursday – Tale of the Tape
Thu, 15 Jan 2015 14:30:02 GMT
Whistleblower Lawsuit Calls Billionaire Patrick Soon-Shiong's Healthcare Startup ‘Fraudulent' And Dangerous
Thu, 15 Jan 2015 13:25:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook