Celgene (CELG) Offering Possible 28.53% Return Over the Next 19 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $112.00 short put and a strike $107.00 long put offers a potential 28.53% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $112.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock dropped below the $107.00 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 68.49 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

4:32 pm Celgene recommends shareholders reject ‘Mini-Tender' offer by TRC Capital to purchase up to 1 mln shares of Celgene's common stock at $101.75 per share
Mon, 01 Dec 2014 21:32:00 GMT

Celgene Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Corporation
Mon, 01 Dec 2014 21:31:18 GMT
noodls – SUMMIT, N.J.–(BUSINESS WIRE)– Celgene Corporation (NASDAQ:CELG) received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 1,000,000 shares of Celgene's …

Celgene Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Corporation
Mon, 01 Dec 2014 21:30:00 GMT
Business Wire – Celgene Corporation received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 1,000,000 shares of Celgene’s common stock, approximately 0.13% of outstanding shares, at $101.75 per share.

Celgene, BioMarin and Vertex are RBC's Top Biotech Buys
Mon, 01 Dec 2014 20:35:00 GMT

Celgene Hits 52-Week High on Positive CHMP Opinion
Mon, 01 Dec 2014 19:14:18 GMT

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