Amgen’s most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 16.96% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $8.55 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 33.3 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amgen
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Tue, 12 Feb 2019 14:12:02 +0000
Merck’s (MRK) supplemental biologics license application for Keytruda receives a priority review from the FDA for the first-line treatment of patients with recurrent/metastatic head and neck cancer.
AbbVie Buys Rights to Novel Immunotherapy for Multiple Myeloma
Tue, 12 Feb 2019 14:11:02 +0000
AbbVie (ABBV) enters a global strategic transaction agreement with privately-held Teneobio to develop and commercialize the latter’s pre-clinical immunotherapy candidate, TNB-383B, as a multiple myeloma treatment.
Sanofi/Regeneron Cut Price of PCSK9 Inhibitor Praluent by 60%
Tue, 12 Feb 2019 13:56:01 +0000
Sanofi (SNY) and Regeneron (REGN) announce a 60% cut in the U.S. list price of their cholesterol lowering drug, Praluent to improve access and affordability of the product.
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