Amgen Offering Possible 17.51% Return Over the Next 19 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 17.51% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $8.51 would be incurred if the stock dropped below the $105.00 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 56.55 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

U.S. new drug approvals slip in 2013 vs prior year
Mon, 30 Dec 2013 22:04:11 GMT
Reuters – The number of new drugs approved in the United States fell in 2013 compared with the previous year as fewer applications were filed, though several products for hard-to-treat diseases were approved in record time. The U.S. Food and Drug Administration approved 27 new drugs in 2013, down from a banner year in 2012 which saw 39 drugs approved, the greatest number since 1997 according to FDA data. The regulatory agency attributed the drop in approvals in 2013 to fewer applications. As of Dec. 11, 32 applications had been filed, compared with 41 for 2012, the FDA said.

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Mon, 30 Dec 2013 14:26:27 GMT
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Acceleron, Celgene Vs. Amgen In The Anemia Drug Race
Mon, 30 Dec 2013 06:30:54 GMT
Seeking Alpha – Acceleron Pharma ( XLRN ) will receive a $7 million milestone payment from partner Celgene ( CELG ) for the initiation of a Phase 2 clinical trial of sotatercept in patients on dialysis with end stage …

Keryx Biopharmaceuticals: The Best Performing Biotechs of 2013
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Motley Fool – Here's why Keryx Biopharmaceuticals (Nasdaq: KERX) rallied more than 350% this year.

Co-Pays: Skin In The Game If It Ain't Your Skin?
Fri, 27 Dec 2013 18:33:18 GMT
Seeking Alpha – By Jeff Bailey Years ago, as part of a movement to push more healthcare costs onto consumers — and with the theory that if consumers had some financial skin in the game they'd make more cost-conscious …

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