AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $55 1/2 on May 23, 2000 prices
rallied, reaching a
high of $69 1/2
on Jun 6, 2000. A
decline saw prices pull back, reaching a
low of
$60.00 on Jun 12, 2000.
Another rally saw prices penetrate
resistance, closing 7/5/00
at $73.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 10, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $68 1/4. Resistance: Is at $75.00.
Point & Figure: Reversed to the upside on Jun 30, 2000. A P&F upside
reversal takes place at $69.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $73 3/8 Stop: Use a protective stop of $70 1/2.
AMGEN INC is currently trading @ $73.81 plus $5.31 on Jul 5, 2000. Price Objective:
$87 1/2. Risk/Reward: $2 7/8 VS. $14 1/8. Today's Risk Reward Ratio: 5:1
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