Celgene (CELG) Offering Possible 17.1% Return Over the Next 10 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 17.1% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock rose above the $117.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Celgene is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Celgene is bearish.

The RSI indicator is at 21.81 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

Celgene Takes a Step Back in CAR-T Immunotherapy
Tue, 09 Jun 2015 03:23:07 GMT

Biotech Stock Mailbag: More Duchenne Drama, CAR-T Trouble, ASCO '15 Rewind
Fri, 05 Jun 2015 09:02:00 GMT

Cramer: This blue stock is red hot
Thu, 04 Jun 2015 23:00:00 GMT

Cramer: Selloff is rational
Thu, 04 Jun 2015 22:00:00 GMT

bluebird Amends Collaboration Agreement with Celgene – Analyst Blog
Thu, 04 Jun 2015 18:38:06 GMT

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