Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 5.15% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $9.51 would be incurred if the stock rose above the $170.00 long call 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.
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LATEST NEWS for Celgene
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Sun, 03 Nov 2013 13:35:57 GMT
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CELGENE CORP /DE/ Financials
Sat, 02 Nov 2013 17:04:35 GMT
Some Leading Names Stumble, But Indexes Hold Firm
Fri, 01 Nov 2013 22:31:00 GMT
Investor's Business Daily – Some Leading Names Stumble, But Indexes Hold Firm
Biotech Stock Mailbag: Chelsea's FDA Panel, Ariad's Future, Bio-Bubble Update
Fri, 01 Nov 2013 10:00:00 GMT
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Thu, 31 Oct 2013 21:31:00 GMT
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