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AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $52 1/8 on Jun 11, 1999 prices
rallied, reaching a
high of $79 1/8
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$72.19 on Jul 20, 1999.
Another rally saw prices penetrate
resistance, closing 8/12/99
at $79 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 12, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $75 3/8. Resistance: Is at $81 3/8.
Point & Figure: Reversed to the upside on Aug 12, 1999. A P&F upside
reversal takes place at $76 1/4. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $80 1/8 Stop: Use a protective stop of $77 1/2.
AMGEN INC is currently trading @ $79 1/2 plus $2 5/8 on Aug 12, 1999. Price Objective:
$90.00. Risk/Reward: $2 5/8 VS. $9 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$90.00
Risk/Reward:
$2 5/8 VS. $9 7/8
Risk/Reward Ratio:
4:1
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