Celgene (CELG) Offering Possible 9.05% Return Over the Next 31 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 9.05% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $9.17 would be incurred if the stock dropped below the $100.00 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 at 57.07 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, Lannett Lead Boisterous Day For Drugmakers
Mon, 18 May 2015 19:56:00 GMT

Celgene's Crohn's Disease Drug Prompts Lingering Questions
Mon, 18 May 2015 15:28:00 GMT

FDA Fast Track Designation Granted to Luspatercept for the Treatment of Patients with Beta-Thalassemia
Mon, 18 May 2015 12:37:16 GMT
noodls – SUMMIT, N.J. & CAMBRIDGE, Mass.–(BUSINESS WIRE)– Celgene Corporation (NASDAQ:CELG) and Acceleron Pharma Inc. (NASDAQ:XLRN) today announced that the United States Food and Drug Administration (FDA) has …

7:31 am Celgene: FDA Fast Track Designation Granted to Luspatercept for the Treatment of Patients with Beta-Thalassemia
Mon, 18 May 2015 11:31:00 GMT

FDA Fast Track Designation Granted to Luspatercept for the Treatment of Patients with Beta-Thalassemia
Mon, 18 May 2015 11:30:00 GMT
Business Wire – Celgene Corporation and Acceleron Pharma Inc. today announced that the United States Food and Drug Administration has granted Fast Track designations to luspatercept for two separate indications; the use of luspatercept for the treatment of patients with transfusion dependent beta-thalassemia and the use of luspatercept for the treatment of patients with non-transfusion dependent beta-thalassemia.

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