Celgene (CELG) Offering Possible 43.27% Return Over the Next 16 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 43.27% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $3.49 would be incurred if the stock rose above the $122.00 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 59.96 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

Jim Cramer's Top Takeaways: Celgene, Gilead Sciences, Regeneron, Alarm.com, TransUnion
Wed, 01 Jul 2015 10:00:00 GMT

Celgene Shoots for Moon With Juno
Wed, 01 Jul 2015 04:36:07 GMT
The Wall Street Journal – Celgene’s new partnership with Juno is expensive, but the risk is well-considered.

Cramer: Despite Greece, signs of life
Tue, 30 Jun 2015 22:00:00 GMT

Juno-Celgene Deal Has Street Cautiously Optimistic
Tue, 30 Jun 2015 20:58:00 GMT

Celgene bet $1 billion that this biotech’s science can cure deadly cancers
Tue, 30 Jun 2015 20:02:24 GMT

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