Amgen may rise to 351.00 - 357.00

321 is our pivot point.

Our preference

The upside prevails as long as 321 is support.

Alternative scenario

Below 321, expect 312 and 306.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 319.64 and 311.9884).

Supports and resistances

362 **

357 *

351 **

345

331.29 (USD-last)

325

321 **

312 *

306 **

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