Amgen may rise to 330.00 - 335.00

Our pivot point is at 300.

Our preference

As long as 300 is support look for 330.

Alternative scenario

The downside breakout of 300 would call for 291 and 286.

Comment

The RSI is above its neutrality area at 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 303.9785 and 294.9694).

Supports and resistances

341 **

335 *

330 **

324

308.16 (USD-last)

304

300 **

291 *

286 **

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