Celgene Offering Possible 17.23% Return Over the Next 30 Calendar Days

Celgene's most recent trend suggests a bullish bias. One trading opportunity on Celgene is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 17.23% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock dropped below the $150.00 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 44.77 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

Here's What This Big Market-Beater Has Been Buying and Selling
Thu, 23 Jan 2014 18:40:11 GMT
Motley Fool – Do these dividend yields topping 3% and 5% interest you?

Interesting CELG Put And Call Options For February 28th
Thu, 23 Jan 2014 17:03:00 GMT
TheStreet – Investors in Celgene Corp. saw new options begin trading today, for the February 28th expiration.

Finding And Beating The Right Benchmark
Wed, 22 Jan 2014 20:08:00 GMT
Forbes – Good stock pickers can clean up. I've increased weighting in high topline growth stocks like Facebook and Salesforce.com. Biotechnology remains a huge overweighting. It made my year in 2013.

First Week Of March 22nd Options Trading For Celgene (CELG)
Wed, 22 Jan 2014 18:03:00 GMT
TheStreet – Investors in Celgene Corp. saw new options begin trading this week, for the March 22nd expiration.

Celgene Corporation to Announce Fourth Quarter and Full Year 2013 Results on January 30, 2014
Wed, 22 Jan 2014 14:57:07 GMT
noodls – SUMMIT, N.J.–(BUSINESS WIRE)–Jan. 22, 2014– Celgene Corporation (NASDAQ:CELG) will host a conference call and live audio webcast on Thursday, January 30, 2014 at 9 a.m. ET to discuss the fourth quarter …

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