Celgene (CELG) Offering Possible 6.5% Return Over the Next 29 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 6.5% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $9.39 would be incurred if the stock rose above the $120.00 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 39.4 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

4:08 am Celgene receives positive final appraisal for Oral OTEZLA
Thu, 20 Oct 2016 08:08:00 GMT

Oral OTEZLA® ▼ (Apremilast) Receives Positive Nice Recommendation for Adults with Chronic Plaque Psoriasis
Thu, 20 Oct 2016 08:00:00 GMT

Oral OTEZLA® ▼ (Apremilast) Receives Positive Nice Recommendation for Adults with Chronic Plaque Psoriasis
Thu, 20 Oct 2016 08:00:00 GMT
Business Wire – Celgene announced today that adult patients in England and Wales with chronic plaque psoriasis will now have access to oral OTEZLA® following a positive final appraisal determination from the National Institute for Health and Care Excellence .1 The decision is the conclusion of a NICE Rapid Review and ensures patients in England and Wales will join those in Scotland, who have been benefitting from …

[$$] Crispr Therapeutics Ends Barely Higher in IPO
Wed, 19 Oct 2016 22:17:17 GMT

Celgene Explores App to Collect Study Data (CELG)
Wed, 19 Oct 2016 15:12:00 GMT

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