Amgen may rise to 354.00 - 362.00

Our pivot point stands at 315.

Our preference

The upside prevails as long as 315 is support.

Alternative scenario

Below 315, expect 302 and 294.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 325.929 and 323.9898).

Supports and resistances

370 **

362 *

354 **

346

329.49 (USD-last)

320

315 **

302 *

294 **

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