Amgen (AMGN) Offering Possible 33.33% Return Over the Next 22 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 33.33% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $116.00 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 58.61 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

Traders brace for summer's busiest week
Fri, 25 Jul 2014 22:10:08 GMT

Amgen Announces 2014 Third Quarter Dividend
Fri, 25 Jul 2014 20:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., July 25, 2014 /PRNewswire/ — Amgen (AMGN) announced that its Board of Directors today declared a $0.61 per share dividend for the third quarter of 2014. Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. Amgen focuses on areas of high unmet medical need and leverages its biologics manufacturing expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be the world's largest independent biotechnology company, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.

Bayer/Amgen's Nexavar Does Not Show Resilience in Study
Fri, 25 Jul 2014 17:45:27 GMT

EMA adopts positive opinion on new indication for Xgeva
Fri, 25 Jul 2014 11:36:30 GMT

Bayer and Onyx Pharmaceuticals Report Phase 3 Trial Results of NEXAVAR® (sorafenib) in Patients with Advanced Breast Cancer
Fri, 25 Jul 2014 10:30:07 GMT
noodls – Whippany, NJ and South San Francisco, CA . – Jul 25, 2014 Bayer HealthCare and Onyx Pharmaceuticals Inc., an Amgen subsidiary (NASDAQ:AMGN), today announced that an investigational Phase 3 trial of NEXAVAR® …

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