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AMGEN INC
(AMGN-NYSE):
Technical Viewpoint: From a low
of $40.77 on Sep 30, 2002 prices
rallied, reaching a
high of $52.00
on Oct 17, 2002. A
decline saw prices pull back, reaching a
low of
$45.45 on Oct 31, 2002.
Another rally saw prices penetrate
resistance, closing 11/5/02
at $50.08. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.00. Resistance: Is at $52.00.
Point & Figure: Reversed to the upside on Nov 5, 2002. A P&F upside
reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-NYSE) @ $50.38 Stop: Use a protective stop of $47.88.
AMGEN INC is currently trading @ $50.08 plus $1.72 on Nov 5, 2002. Price Objective:
$76.00. Risk/Reward: $2.50 VS. $25.63. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$76.00
Risk/Reward:
$2.50 VS. $25.63
Risk/Reward Ratio:
10:1
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