Amgen (AMGN) Offering Possible 26.26% Return Over the Next 15 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 26.26% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $170.00 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 down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 26.14 level which suggests that the stock is neither overbought nor oversold at this time.

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Edited Transcript of AMGN earnings conference call or presentation 30-Apr-19 9:00pm GMT
Wed, 01 May 2019 05:29:14 +0000
Q1 2019 Amgen Inc Earnings Call

Amgen Inc (AMGN) Q1 2019 Earnings Call Transcript
Wed, 01 May 2019 03:42:46 +0000
AMGN earnings call for the period ending March 31, 2019.

Amgen Reports an Unusual Slide Backward
Tue, 30 Apr 2019 23:37:00 +0000
The first three months of the year weren't nearly as positive as investors had hoped for.

Amgen revenue flat as migraine, cholesterol drugs miss sales expectations
Tue, 30 Apr 2019 23:25:42 +0000
Amgen Inc on Tuesday reported first-quarter revenue that was unchanged from a year ago as key drugs, including new migraine treatment Aimovig and cholesterol fighter Repatha, face pricing pressure. Excluding items, Amgen earned $3.56 per share, topping analysts' average expectations by 9 cents, according to IBES data from Refinitiv. Share buybacks helped boost the EPS result, said Jefferies analyst Michael Yee.

Amgen Earnings: AMGN Stock Dips Slightly Despite Q1 EPS, Sales Beat
Tue, 30 Apr 2019 22:50:33 +0000
Amgen (NASDAQ:AMGN) reported its latest quarterly earnings figures late on Tuesday, bringing in earnings that were stronger than what analysts called for, yet it declined year-over-year, while sales of one of its key products were down, playing a role in AMGN stock retracing a touch.The Thousand Oaks, Calif.-based biopharmaceutical business said that for its first quarter of its fiscal 2019, it brought in net income of $2 billion, or $3.18 per share. The figure was 13% lower than it was during the same period in its fiscal 2018, when it brought in earnings of $2 billion, or $3.18 per share.On an adjusted basis when taking into account one-time items, Amgen said it brought in earnings of $3.56 per share, which is about 2.6% higher than the company's adjusted earnings from the same period in its fiscal 2018. Analysts were calling for the company to rake in adjusted earnings of $3.48 per share, according to a survey of analysts conducted by FactSet.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThe company's revenue was flat when compared to its year-ago quarter, coming in at $5.6 billion, which did top the Wall Street guidance of $5.5 billion in sales, per FactSet. Amgen's weakest point during the period were sales of its drug Neulasta, which declined roughly 12% year-over-year, due in part to a lower net selling price, as well as inventory changes.The company's Enbrel drug sales gained 4%, due in part to "favorable impacts" from changes in account sales estimates.AMGN stock is down about 0.7% after the bell today due in part to the sales decline of its drug Neulasta, yet earnings were strong overall when compared to the year-ago quarter and what analysts projected. Shares had been down roughly 1% during regular trading hours ahead of the company's quarterly earnings report. More From InvestorPlace * 7 Stocks to Buy That Ought to Buy Back Shares * 7 Cloud Stocks to Buy Now * 7 A-Rated Stocks That Are Under $10 Compare Brokers The post Amgen Earnings: AMGN Stock Dips Slightly Despite Q1 EPS, Sales Beat appeared first on InvestorPlace.

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