Amgen may rise to 355.00 - 360.00

Our pivot point stands at 319.

Our preference

As long as 319 is support look for 355.

Alternative scenario

The downside breakout of 319 would call for 310 and 305.

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 330.3965 and 316.3074).

Supports and resistances

366 **

360 *

355 **

350

333.99 (USD-last)

322

319 **

310 *

305 **

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