ThermoFisher (TMO) Offering Possible 30.29% Return Over the Next 17 Calendar Days

ThermoFisher's most recent trend suggests a bearish bias. One trading opportunity on ThermoFisher is a Bear Call Spread using a strike $560.00 short call and a strike $580.00 long call offers a potential 30.29% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $560.00 by expiration. The full premium credit of $4.65 would be kept by the premium seller. The risk of $15.35 would be incurred if the stock rose above the $580.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ThermoFisher 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 ThermoFisher is bearish.

The RSI indicator is at 55.77 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 ThermoFisher

Why Is Thermo Fisher (TMO) Up 3.6% Since Last Earnings Report?
Fri, 27 Aug 2021 15:31:03 +0000
Thermo Fisher (TMO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Thermo Fisher's (TMO) Oncomine Dx Gets CDx Approval for TIBSOVO
Fri, 27 Aug 2021 13:18:01 +0000
Thermo Fisher (TMO) receives FDA go-ahead for the Oncomine Dx Target Test as a CDx for Servier's ivosidenib tablets, TIBSOVO.

Thermo Fisher Scientific (TMO) Gains As Market Dips: What You Should Know
Thu, 26 Aug 2021 21:50:09 +0000
Thermo Fisher Scientific (TMO) closed at $552.77 in the latest trading session, marking a +0.86% move from the prior day.

FDA Clears Thermo Fisher's Companion Diagnostic Test For Bile Duct Cancer Drug
Thu, 26 Aug 2021 16:17:46 +0000
The FDA has granted pre-market approval to Thermo Fisher Scientific Inc's (NYSE: TMO) Oncomine Dx Target Test. The approval for the test comes as a companion diagnostic to identify patients with isocitrate dehydrogenase-1 (IDH1) mutated cholangiocarcinoma (CCA) who may be candidates for treatment with ivosidenib (Servier Pharmaceuticals' Tibsovo). The Oncomine Dx Target Test is a sequencing assay that looks for mutations in the IDH1 gene clinically associated with CCA. The FDA first approved the

Agilent (A) Boosts PD-L1 IHC 22C3 pharmDX Assay Use in Europe
Tue, 24 Aug 2021 15:44:03 +0000
Agilent Technologies (A) boosts presence in the companion diagnostics market by expanding the use of PD-L1 IHC 22C3 pharmDx assay for esophageal cancer treatment in Europe.

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