Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $98.00 short put and a strike $93.00 long put offers a potential 30.89% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $98.00 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock dropped below the $93.00 long put 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 35.02 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
This Biotech’s Stock Just Doubled and It’s Bad News for Sanofi
Wed, 29 Jun 2016 22:40:23 GMT
3 Biotech Stocks to Buy on Sale Right Now
Wed, 29 Jun 2016 19:44:00 GMT
How Much Will the Elections Affect Healthcare Stocks?
Wed, 29 Jun 2016 14:23:00 GMT
Biotechs: After Brexit, Buy the Stocks and Get the Pipelines For Free
Tue, 28 Jun 2016 14:55:00 GMT
The Largest Drug Pipelines Will Surprise You
Tue, 28 Jun 2016 01:42:05 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook