Amgen may rise to 364.00 - 370.00

Our pivot point is at 326.

Our preference

The upside prevails as long as 326 is support.

Alternative scenario

The downside breakout of 326 would call for 316 and 311.

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 323.674 and 313.9954).

Supports and resistances

376 **

370 *

364 **

359

334.3 (USD-last)

329

326 **

316 *

311 **

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