Amgen may fall to 289.00 - 297.00

335 is our pivot point.

Our preference

Eye 297.

Alternative scenario

Above 335, look for 349 and 357.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under its 20 day moving average (328.4305) but above its 50 day moving average (319.898).

Supports and resistances

357 **

349 *

335 **

330

321.44 (USD-last)

305

297 **

289 *

281 **

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