Celgene (CELG) Offering Possible 21.8% Return Over the Next 22 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $95.00 short call and a strike $105.00 long call offers a potential 21.8% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $1.79 would be kept by the premium seller. The risk of $8.21 would be incurred if the stock rose above the $105.00 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 33.85 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

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Celgene Rises On Potential It Could Settle Over Generic Revlimid
Mon, 26 Mar 2018 20:17:07 +0000
Celgene shares lifted Monday on the likelihood it's approaching a settlement with Dr. Reddy's over a generic version of blockbuster cancer drug Revlimid.

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Celgene shares rise on expectation of Revlimid patent settlement
Mon, 26 Mar 2018 13:40:07 +0000
Celgene Corp. shares rose 1.4% in Monday morning trade after a recent development suggested a settlement might be coming between Celgene and generic drugmaker Dr. Reddy's Laboratories Ltd. on a generic …

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