Amgen may rise to 339.00 - 351.00

Our pivot point stands at 280.

Our preference

As long as 280 is support look for 339.

Alternative scenario

Below 280, expect 261 and 249.

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 under its 20 day moving average (306.7285) but above its 50 day moving average (286.407).

Supports and resistances

363 **

351 *

339 **

327

301 (USD-last)

288

280 **

261 *

249 **

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