Celgene (CELG) Offering Possible 50.15% Return Over the Next 27 Calendar Days

Celgene's most recent trend suggests a bearish bias. One trading opportunity on Celgene is a Bear Call Spread using a strike $90.50 short call and a strike $95.50 long call offers a potential 50.15% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.50 by expiration. The full premium credit of $1.67 would be kept by the premium seller. The risk of $3.33 would be incurred if the stock rose above the $95.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Celgene 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 Celgene is bearish.

The RSI indicator is at 47.64 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 Celgene

A Performance Update on Roche’s Pharmaceuticals Segment in August
Thu, 23 Aug 2018 19:00:20 +0000
Roche’s (RHHBY) Pharmaceuticals division reported revenues of 21.8 billion Swiss francs in the first half compared to 20.5 billion Swiss francs in the first half of 2017, reflecting ~7% YoY growth. Roche’s Pharmaceuticals division comprises oncology, immunology, neurosciences, ophthalmology, infectious diseases, and other therapeutic areas.

4 Biotech Stocks Investors Can Bet on Post Solid Q2 Earnings
Thu, 23 Aug 2018 13:18:01 +0000
The biotech sector is expected to do well in the second half of 2018. Here we list four top biotech companies, which investors can add to their portfolio.

Mallinckrodt's Stannsoporfin Gets Complete Response Letter
Thu, 23 Aug 2018 13:10:01 +0000
Mallinckrodt's (MNK) pipeline candidate, Stannsoporfin gets a Complete Response Letter from the FDA.

How Incyte’s Product Portfolio Is Looking in August
Thu, 23 Aug 2018 11:31:34 +0000
Incyte’s (INCY) product portfolio includes the targeted therapies and immunotherapies for the treatment of oncology and non-oncology diseases. 

Celgene Corporation to Webcast at Upcoming Investor Conferences
Thu, 23 Aug 2018 11:30:00 +0000
Celgene Corporation (CELG) plans to present at two upcoming investor conferences where Celgene management will provide an overview of the Company. The events will be webcast live and will be available in the Investor Relations section of the Company’s website at www.celgene.com. Celgene Corporation, headquartered in Summit, New Jersey, is an integrated global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases through next-generation solutions in protein homeostasis, immuno-oncology, epigenetics, immunology and neuro-inflammation.

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