Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 6.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $100.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Amgen 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 Amgen is bullish.
The RSI indicator is at 57.37 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 Amgen
Can AbbVie Hold Off Amgen and Pfizer?
Thu, 24 Oct 2013 19:44:04 GMT
Motley Fool – AbbVie has relied on Humira for rheumatoid arthritis for years, but with its patent expiring within three years, AbbVie will have to find answers to go up against the longer-lived patent protection that …
Celgene Earnings Beat Estimates, But Stock Dips
Thu, 24 Oct 2013 15:42:00 GMT
Investor's Business Daily – Celgene Earnings Beat Estimates, But Stock Dips
Celgene's New Multiple Myeloma Drug Is Kicking Amgen's Ass
Thu, 24 Oct 2013 12:38:00 GMT
TheStreet – CELG data by YCharts SUMMIT, NJ ( TheStreet ) — Celgene issued another “beat and raise” earnings report for the third quarter earnings — pretty much standard operating procedure these days …
3 Takeaways From Amgen's Earnings Report
Thu, 24 Oct 2013 12:28:00 GMT
Motley Fool – Investors have a lot to chew on after Amgen's third quarter earnings. This should help them digest the results.
You're not a genius so sell some stock right now now
Wed, 23 Oct 2013 19:02:00 GMT
MarketWatch – And most important, the question is — what's the “smart” thing do now? I work everyday to try to stay on top of when this bubble blowing bull market part of the cycle is going to end — and …
Also on Market Tamer…
Follow Us on Facebook