Biogen's most recent trend suggests a bearish bias. One trading opportunity on Biogen is a Bear Call Spread using a strike $317.50 short call and a strike $322.50 long call offers a potential 42.86% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $317.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $322.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Biogen 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 Biogen is bearish.
The RSI indicator is at 58.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Biogen
AstraZeneca Plc Earnings Q2*, 2015
Thu, 13 Aug 2015 16:08:26 GMT
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Wed, 12 Aug 2015 12:55:04 GMT
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Wed, 12 Aug 2015 11:35:49 GMT
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Tue, 11 Aug 2015 23:23:00 GMT
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