Amgen may rise to 352.00 - 359.00

Our pivot point is at 310.

Our preference

Our next up target stands at 352.

Alternative scenario

Below 310, expect 298 and 291.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 325.0885 and 326.0614).

Supports and resistances

366 **

359 *

352 **

344

328.35 (USD-last)

315

310 **

298 *

291 **

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