Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $180.00 short put and a strike $175.00 long put offers a potential 21.95% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $175.00 long put 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 up which suggests that the medium-term momentum for Amgen is bullish.
The RSI indicator is at 56.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amgen
Horizon Stock Pops On Beat And Raise As Another Drugmaker Reverses
Wed, 07 Aug 2019 20:31:32 +0000
Horizon Therapeutics stock popped Wednesday after its gout treatment, Krystexxa, drove a beat and raise in the second quarter. Adjusted Horizon earnings also came in better than expected.
Should You Invest in the Invesco Dynamic Biotechnology & Genome ETF (PBE)?
Wed, 07 Aug 2019 10:45:10 +0000
Sector ETF report for PBE
Biotech ETFs in Focus on Impressive Q2 Earnings Results
Tue, 06 Aug 2019 20:22:08 +0000
Let's take a look at some ETFs with wide exposure to a few biotechnological companies which released solid Q2 earnings results recently.
5 lsquo;Strong Buyrsquo; Dividend Stocks With High Upside
Tue, 06 Aug 2019 16:54:52 +0000
The markets are looking perilous right now, with rising trade tensions and Federal Reserve uncertainty sparking heavy selling. While there has been a flight out of stocks generally – Standard & Poor's 500-stock index is off almost 6% over the past five days – dividend stocks are gaining a little appeal.Investors were caught off guard after the Federal Reserve lowered its benchmark interest rate by a quarter-point. Some were expecting a half-point cut, and others were expecting Fed Chairman Jerome Powell to signal another quarter-point cut later in the year (he didn't). Then America's trade war with China flared up after President Donald Trump threatened a new round of tariffs, which the Chinese replied to by cutting off imports of U.S. agricultural products and momentarily letting its yuan currency slip above a key level.Dividend stocks can help smooth out returns during volatile periods like this. Morgan Stanley private wealth adviser Christopher Poch is a firm believer in dividend investing. He writes, "In over 33 years in the wealth management industry, I have seen what works for the long-term, tax paying investor. The importance of dividends and the contribution to overall total return, for new and experienced investors alike, should not be overlooked.""Not only do dividend stocks as a group have less volatility year- to- year, they outperform nondividend paying stocks over time as well," Poch writes. "Over the last 90+ years, dividends have accounted for more than 40% of the total return equation."Here are five dividend stocks that TipRanks has identified as earning a "Strong Buy" rating by Wall Street's analyst community. Each of these stocks boasts relatively high yields between 3% and 5% – well more than the broader market's current 1.9% – and are projected to gain between 17% and 65% over the next 12 months. SEE ALSO: 57 Dividend Stocks You Can Count On in 2019
Allergan (AGN) Q2 Earnings & Sales Top, '19 Sales View Up
Tue, 06 Aug 2019 14:19:02 +0000
Botox, Juvederm fillers, Vraylar and Ozurdex drive Allergan's (AGN) second-quarter sales, making up for loss of exclusivity on some brands and lower sales of Restasis and textured breast implants.
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