Amgen (AMGN) Offering Possible 11.61% Return Over the Next 3 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $197.50 short put and a strike $192.50 long put offers a potential 11.61% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $197.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $192.50 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 67.4 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


Big Pharma CEOs Indicate More M&A Deals at JP Morgan Meeting
Thu, 10 Jan 2019 14:56:02 +0000
Big pharma CEOs hint at spur in M&A activity in 2019 at the 37th J.P. Morgan Healthcare Conference.

The Zacks Analyst Blog Highlights: Amgen, Broadcom, Starbucks, Citigroup and Carnival
Thu, 10 Jan 2019 14:30:02 +0000
The Zacks Analyst Blog Highlights: Amgen, Broadcom, Starbucks, Citigroup and Carnival

Top Stock Reports for Amgen, Broadcom & Starbucks
Wed, 09 Jan 2019 16:35:04 +0000
Top Stock Reports for Amgen, Broadcom & Starbucks

Amgen's Osteoporosis Candidate Evenity Gets Approval in Japan
Wed, 09 Jan 2019 14:50:02 +0000
Amgen (AMGN) gets approval in Japan for osteoporosis candidate, Evenity.

Amarin Expects Expenses to Rise in the Future
Wed, 09 Jan 2019 14:00:58 +0000
Is Amarin an Attractive Bet in January?

(Continued from Prior Part)

## Vascepa adoption trends

Amarin (AMRN) expects Vascepa to witness robust demand trends in fiscal 2019 driven by demonstrated efficacy of the drug coupled with the company’s increasing focus on creating awareness for the drug in the healthcare community.

According to the Centre for Evidence-Based Medicine (or CEBM), “The Number Needed to Treat (NNT) is the number of patients you need to treat to prevent one additional bad outcome (death, stroke, etc.).” According to Amarin’s investor presentation, a low NNT of 21 and an affordable price will likely drive managed care coverage for Vascepa in future years. The NNT of Vascepa compares favorably with that of other cardiovascular drugs such as Pfizer’s (PFE) Lipitor and Amgen’s (AMGN) Repatha, which is 45 and 67, respectively.

## Expense projections

Wall Street analysts expect Amarin to report selling, general, and administrative (or SG&A) expenses of $213.58 million in fiscal 2018, a YoY rise of 17.54%. The company is expected to report SG&A expenses of $276.68 million in fiscal 2019, a YoY rise of 29.55%. The rise is mainly attributable to the rapid expansion of the company’s Salesforce by 400 people for fiscal 2019. Wall Street analysts have forecasted Amarin’s fiscal 2020 SG&A expenses to be $315.80 million, a YoY rise of 14.14%.

Analysts expect Amarin to post research and development (or R&D) expenses of $55.48 million in fiscal 2018, a YoY rise of 17.64%. The company is also expected to report R&D expenses of $43.15 million in fiscal 2019, a YoY drop of 22.22%. Amarin’s fiscal 2020 R&D expenses are expected to be $32.03 million, a YoY drop of 25.78%.

Analysts have projected Amarin’s SG&A and R&D expenses to be close to $68.35 million and $11.87 million in the fourth quarter of 2018, a YoY change of 46.64% and -0.60%, respectively.

Browse this series on Market Realist:

* Part 1 – What Are Analysts Recommending for Amarin in January?
* Part 2 – Amarin Expects Robust Revenue Growth Going Forward
* Part 3 – Amarin Is Expected to Become Profitable in Fiscal 2020

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