Celgene (CELG) Offering Possible 47.06% Return Over the Next 11 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $98.50 short call and a strike $104.00 long call offers a potential 47.06% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.50 by expiration. The full premium credit of $1.76 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock rose above the $104.00 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 43.23 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

Celgene, Gilead Sciences shares could rise 30 percent: Barron's
Mon, 08 Feb 2016 02:38:44 GMT

Barron's Picks And Pans: Kinder Morgan, Gilead Sciences And More
Sun, 07 Feb 2016 15:49:24 GMT

Credit Suisse Picks 7 Health Care Stocks to Own for the Next 6 Months
Sat, 06 Feb 2016 18:00:00 GMT

[$$] Celgene and Gilead: Two Drugmakers, 30% Upside
Sat, 06 Feb 2016 05:01:00 GMT

LinkedIn Downgraded; Biotechs Initiated; Tableau PT Cut
Fri, 05 Feb 2016 21:45:14 GMT

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