Celgene (CELG) Offering Possible 16.55% Return Over the Next 13 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 16.55% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $87.50 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 56.68 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

Agios' (AGIO) Loss Widens in Q2, Tibsovo Drives Sales
Thu, 01 Aug 2019 16:02:04 +0000
Agios (AGIO) incurs wider-than-expected loss in Q2 while revenues beat estimates. The company's newly approved leukemia drug Tibsovo sees a rise in sales sequentially.

Biotech Stock Roundup: Celgene, Amgen, Gilead Impress in Q2, Other Pipeline Updates
Wed, 31 Jul 2019 15:36:03 +0000
Impressive second-quarter results by most biotech bigwigs are the key highlights of the week. Most companies also increase their annual guidance.

Celgene (CELG) Beats on Q2 Earnings, Raises Revenue Guidance
Wed, 31 Jul 2019 15:32:03 +0000
Celgene (CELG) beats on earnings and sales in second-quarter 2019. The company raises full-year revenue guidance on solid Pomalyst and Abraxane performances.

Celgene Offers Beat-And-Raise As Bristol Merger Looms Closer
Tue, 30 Jul 2019 20:10:13 +0000
Celgene on Tuesday reported adjusted income of $2.86 per share on $4.4 billion in sales for its second quarter ended June 30. The biotech also raised its sales and profit guidance for 2019.

Celgene (CELG) Q2 Earnings and Revenues Surpass Estimates
Tue, 30 Jul 2019 12:55:12 +0000
Celgene (CELG) delivered earnings and revenue surprises of 9.16% and 3.82%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

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