Amgen may rise to 354.00 - 362.00

Our pivot point stands at 315.

Our preference

As long as 315 is support look for 354.

Alternative scenario

The downside breakout of 315 would call for 302 and 294.

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 326.4015 and 322.9018).

Supports and resistances

370 **

362 *

354 **

346

326.9 (USD-last)

320

315 **

302 *

294 **

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