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AMGEN INC
(AMGN-NYSE):
Technical Viewpoint: From a low
of $36.73 on Jun 12, 2002 prices
rallied, reaching a
high of $44.20
on Jun 18, 2002. A
decline saw prices pull back, reaching a
low of
$30.57 on Jul 15, 2002.
Another rally saw prices penetrate
resistance, closing 7/24/02
at $37.09. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jul 24, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.50. Resistance: Is at $38.50.
Point & Figure: Reversed to the upside on Jul 24, 2002. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-NYSE) @ $37.38 Stop: Use a protective stop of $35.38.
AMGEN INC is currently trading @ $37.09 plus $1.49 on Jul 24, 2002. Price Objective:
$49.00. Risk/Reward: $2.00 VS. $11.63. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.00
Risk/Reward:
$2.00 VS. $11.63
Risk/Reward Ratio:
6:1
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