Celgene Offering Possible 11.86% Return Over the Next 16 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 11.86% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $8.94 would be incurred if the stock dropped below the $155.00 long put 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 below 20 which suggests that the stock is in oversold 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

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Celgene Corporation to Present at the 32nd Annual J.P. Morgan Healthcare Conference
Thu, 02 Jan 2014 14:41:34 GMT
noodls – SUMMIT, N.J.–(BUSINESS WIRE)–Jan. 2, 2014– Celgene Corporation (NASDAQ:CELG) today announced that its presentation at the 32nd Annual J.P. Morgan Healthcare Conference on January 13, 2014 at 11:00a.m. …

Celgene Corporation to Present at the 32nd Annual J.P. Morgan Healthcare Conference
Thu, 02 Jan 2014 13:30:00 GMT
Business Wire – Celgene Corporation today announced that its presentation at the 32nd Annual J.P. Morgan Healthcare Conference on January 13, 2014 at 11:00a.m. E.T. will be webcast live and thereafter will be available in the investor relations section of the Company’s Web site at www.celgene.com.

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