Amgen may fall to 289.00 - 297.00

Our pivot point stands at 335.

Our preference

Eye 297.

Alternative scenario

The upside breakout of 335 would call for 349 and 357.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. 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.