Amgen may rise to 333.00 - 338.00

301 is our pivot point.

Our preference

As long as 301 is support look for 333.

Alternative scenario

The downside breakout of 301 would call for 292 and 286.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 308.8385 and 304.9548).

Supports and resistances

343 **

338 *

333 **

327

315.91 (USD-last)

304

301 **

292 *

286 **

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