Celgene (CELG) Offering Possible 36.99% Return Over the Next 22 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 36.99% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $101.00 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 above 80 which suggests that the stock is in overbought territory.

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

IBD 50 Caps Impressive 2-Week Rally
Fri, 31 Oct 2014 22:47:00 GMT

FM Stocks: Buy or bye AAPL
Fri, 31 Oct 2014 21:06:00 GMT

Celgene Corporation to Webcast at Upcoming Investor Conferences and Medical Congress
Fri, 31 Oct 2014 13:19:11 GMT
noodls – SUMMIT, N.J.–(BUSINESS WIRE)– Celgene Corporation (NASDAQ:CELG) plans to present at two upcoming investor conferences, where Celgene management will provide an overview of the Company, and at the 56th …

Celgene Corporation to Webcast at Upcoming Investor Conferences and Medical Congress
Fri, 31 Oct 2014 12:30:00 GMT
Business Wire – Celgene Corporation plans to present at two upcoming investor conferences, where Celgene management will provide an overview of the Company, and at the 56th American Society of Hematology annual meeting in December.

10-Q for Celgene Corp.
Fri, 31 Oct 2014 00:08:29 GMT

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