Celgene (CELG) Offering Possible 34.77% Return Over the Next 15 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $117.00 short put and a strike $112.00 long put offers a potential 34.77% 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 $117.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $112.00 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 up which suggests that the medium-term momentum for Celgene is bullish.

The RSI indicator is at 63.09 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

Juno, Celgene Lead 5 Top Biotechs Nearing Buy Point
Wed, 01 Jul 2015 21:43:00 GMT

Celgene’s $138,000 Doctor Payment Left Out of Journal Disclosure
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Biotech Stock Roundup: Juno-Celgene In Immunotherapy Deal, BioMarin/Sarepta DMD Drugs Progress – Analyst Blog
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Wed, 01 Jul 2015 10:00:00 GMT

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