Amgen may fall to 286.00 - 293.00

Our pivot point is at 328.

Our preference

The downside prevails as long as 328 is resistance.

Alternative scenario

Above 328, look for 340 and 347.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 320.685 and 325.5482).

Supports and resistances

347 **

340 *

328 **

323

314.9 (USD-last)

300

293 **

286 *

279 **

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