Celgene Offering Possible 12.87% Return Over the Next 33 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 12.87% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $8.86 would be incurred if the stock dropped below the $135.00 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 45.54 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Celgene

Celgene's Revlimid Faces a Tough Sell
Mon, 18 Nov 2013 21:14:06 GMT
Motley Fool – In cost-conscious countries, even existing therapies face an uphill battle in winning approval for new indications. With new data behind it, Celgene hopes it can overcome cost concerns to win approval …

The S&P 500: 1,800 or Bust
Mon, 18 Nov 2013 19:36:00 GMT
Barrons.com – The Dow Jones Industrial Average is getting all the attention today for breaking a big round number. But the S&P 500 has refused to be left out–it's trying to close above 1,800, after breaking that big …

Celgene's Revlimid Makes Stronger Case for European Front-Line Approval
Wed, 13 Nov 2013 15:38:00 GMT
TheStreet – New Revlimid data to be presented next month should convince European regulators to finally approve an important expansion into front-line multiple myeloma therapy.

Stocks are the only game in town: Cramer
Mon, 11 Nov 2013 23:00:00 GMT
CNBC – Mad Money host Jim Cramer discusses the flow of investors returning to stocks.

Cramer Answers Twitter Questions
Mon, 11 Nov 2013 15:27:00 GMT
TheStreet – Jim Cramer answers questions from Twitter on Celgene, Whole Foods Markets and Ford.

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