AMGEN INC
(AMGN-Amex):
Technical Viewpoint: From a low
of $55.55 on Jan 25, 2010 prices
rallied, reaching a
high of $59.42
on Feb 3, 2010. A
decline saw prices pull back, reaching a
low of
$55.78 on Feb 25, 2010.
Another rally saw prices penetrate
resistance, closing 3/19/10
at $60.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 9, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $56.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 19, 2010. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Amex) @ $60.25 Stop: Use a protective stop of $57.75.
AMGEN INC is currently trading @ $60.00 plus $1.69 on Mar 19, 2010. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $8.75. Today's Risk Reward Ratio: 4:1
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