Celgene Offering Possible 11.23% Return Over the Next 25 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 11.23% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $8.99 would be incurred if the stock dropped below the $145.00 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

Nasdaq makes first close above 4,000 in 13 years: stock market live blog recap
Tue, 26 Nov 2013 22:05:00 GMT
MarketWatch – Read a minute-by-minute of rundown of what's happening in the stock market.

Today's Market: These Stocks Will Push Nasdaq To All-Time Highs
Tue, 26 Nov 2013 16:00:49 GMT
Seeking Alpha – The Nasdaq broke above the 4,000 point level yesterday but was unable to hold the gains late in the session. It appears the market will make another go at closing above that milestone today and all eyes …

Positive CHMP Opinion Sends Celgene Soaring
Mon, 25 Nov 2013 15:30:03 GMT
Zacks – The CHMP backed the approval of Abraxane for the metastatic pancreatic cancer indication.

Inside IBD 50: Biogen, Celgene Muscle Higher
Fri, 22 Nov 2013 23:49:00 GMT
Investor's Business Daily – Inside IBD 50: Biogen, Celgene Muscle Higher

Cramer's 4 ‘go-to' names thru year-end
Fri, 22 Nov 2013 23:15:06 GMT
CNBC – If you can move somewhat swiftly, Cramer thinks 4 stocks present opportunity right here, right now. “My 4 horsemen of Pharma are back,” he said.

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