Amgen (AMGN) Offering Possible 10.74% Return Over the Next 18 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 10.74% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $105.00 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 77.7 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen's Management Presents at Post-ASCO Conference (Transcript)
Wed, 04 Jun 2014 00:44:07 GMT
Seeking Alpha – I would now like to introduce Arvind Sood, Vice President of Investor Relations. So joining me today are Sean Harper, our Executive Vice President of R&D, who will provide a broad overview of our oncology portfolio. David Reese, who is our Vice President of Translational Sciences and also the Therapeutic Area Head for Oncology Global Development, will then discuss some highlights from our presentation at ASCO particularly in the immuno-oncology space.

Teva Acquiring Labrys Biologics For Migraine Drug
Tue, 03 Jun 2014 15:57:00 GMT

Teva acquisition a positive for Amgen, says Piper Jaffray
Tue, 03 Jun 2014 13:23:02 GMT

Amgen Presents New Data On Talimogene Laherparepvec As Single Agent And Combination Therapy In Metastatic Melanoma At ASCO
Mon, 02 Jun 2014 11:44:00 GMT
PR Newswire – THOUSAND OAKS, Calif., June 2, 2014 /PRNewswire/ — Amgen (AMGN) today announced new data from two key clinical trials that support the potential of talimogene laherparepvec, a novel, investigational oncolytic immunotherapy, as both a single agent and as part of a combination regimen in patients with metastatic melanoma. The findings were presented at the 50th Annual Meeting of the American Society of Clinical Oncology (ASCO) in Chicago. Data from the 19 patients in the Phase 1b combination study, presented for the first time at ASCO, showed no dose-limiting toxicities with talimogene laherparepvec in combination with ipilimumab (Abstract #9029). Additionally, tumors either shrank in size or were no longer detectable in 56 percent of patients when talimogene laherparepvec was given prior to and in combination with ipilimumab.

1:32 am Amgen highlights Phase 2 results Of Vectibix versus bevacizumab in combination with FOLFOX in patients with wild-type RAS metastatic colorectal cancer
Mon, 02 Jun 2014 05:32:00 GMT

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