Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 14.94% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $160.00 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 77.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amgen
Major Biotechs Scare Off Loads of Short Sellers
Fri, 10 Feb 2017 14:55:35 GMT
Biotech ETFs Powered by Q4 Earnings
Fri, 10 Feb 2017 13:38:01 GMT
Regeneron Defies Light Q4 Sales, Eylea Outlook On Amgen-Rivaling LDL Win
Thu, 09 Feb 2017 21:56:14 GMT
Thu, 09 Feb 2017 19:01:00 GMT
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