Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $222.50 short put and a strike $217.50 long put offers a potential 23.46% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $222.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $217.50 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 78.71 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
LATEST NEWS for Amgen
These 3 Stocks Just Hiked Their Dividends: Should You Buy Them?
Sat, 01 Jan 2022 15:30:00 +0000
Pharma stocks Amgen (NASDAQ: AMGN) and Merck (NYSE: MRK), and diversified healthcare stock CVS Health (NYSE: CVS) each recently announced boosts in their payouts. Early in December, Amgen announced a 10.2% raise in its quarterly dividend to $1.94 per share. Amgen continues to bring key drugs to the market.
Should You Invest in the iShares Biotechnology ETF (IBB)?
Fri, 31 Dec 2021 11:20:11 +0000
Sector ETF report for IBB
Amgen's Charts Continue to Strengthen
Thu, 30 Dec 2021 13:34:00 +0000
The On-Balance-Volume (OBV) line has made a new high for the current move up and the Moving Average Convergence Divergence (MACD) oscillator remains bullish. The OBV line has strengthened and the MACD oscillator has crossed to a cover shorts buy signal. In this updated daily Point and Figure chart of AMGN, below, we see a $287 price target.
Amgen (AMGN) Gains As Market Dips: What You Should Know
Tue, 28 Dec 2021 23:00:11 +0000
Amgen (AMGN) closed at $225.77 in the latest trading session, marking a +0.27% move from the prior day.
Shares of Amgen Are Finally Beginning to Turn Around
Tue, 28 Dec 2021 13:14:00 +0000
Shares of Amgen Inc. has been weak for much of the past year but the charts are showing improvement. Let's check out this pharmaceutical giant to see if we can take advantage of any further improvements.
Also on Market Tamer…
Follow Us on Facebook