Amgen may rise to 355.00 - 360.00

324 is our pivot point.

Our preference

The upside prevails as long as 324 is support.

Alternative scenario

The downside breakout of 324 would call for 314 and 308.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 321.785 and 312.9692).

Supports and resistances

366 **

360 *

355 **

349

333.24 (USD-last)

328

324 **

314 *

308 **

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