Amgen may rise to 353.00 - 365.00

Our pivot point stands at 296.

Our preference

The upside prevails as long as 296 is support.

Alternative scenario

Below 296, expect 276 and 264.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 297.766 and 282.8048).

Supports and resistances

377 **

365 *

353 **

341

314.85 (USD-last)

304

296 **

276 *

264 **

Number of asterisks represents the strength of support and resistance levels.