Amgen may rise to 355.00 - 361.00

Our pivot point stands at 324.

Our preference

As long as 324 is support look for 355.

Alternative scenario

Below 324, expect 315 and 309.

Comment

The RSI is above 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 326.8485 and 315.1048).

Supports and resistances

367 **

361 *

355 **

350

333.28 (USD-last)

328

324 **

315 *

309 **

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