Amgen may rise to 350.00 - 357.00

Our pivot point stands at 314.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 314 would call for 302 and 295.

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 its 20 day moving average (324.171) but under its 50 day moving average (325.8714).

Supports and resistances

364 **

357 *

350 **

342

325.09 (USD-last)

319

314 **

302 *

295 **

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