Amgen (AMGN) Offering Possible 20.19% Return Over the Next 22 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $207.50 short call and a strike $212.50 long call offers a potential 20.19% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $207.50 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock rose above the $212.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amgen 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 Amgen is bearish.

The RSI indicator is at 23.7 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


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Second, dividend stocks have historically outperformed their peers that do not pay dividends. Two companies that would be great additions to your dividend portfolio are pharma giants Bristol Myers Squibb (NYSE: BMY) and Amgen (NASDAQ: AMGN). The company continues to post solid financial results thanks to its rich lineup of drugs.

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The Zacks Analyst Blog Highlights: Disney, Amgen, Booking Holdings, General Motors, and BCE
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Amgen's (AMGN) KRAS Inhibitor Gets CHMP Nod for Lung Cancer
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The CHMP gives a positive opinion on, and recommends approval to Amgen's (AMGN) KRAS inhibitor, Lumykras for the treatment of advanced non-small-cell lung cancer.

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