Amgen may rise to 330.00 - 336.00

301 is our pivot point.

Our preference

As long as 301 is support look for 330.

Alternative scenario

The downside breakout of 301 would call for 292 and 287.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 308.0055 and 303.2552).

Supports and resistances

341 **

336 *

330 **

324

310.88 (USD-last)

305

301 **

292 *

287 **

Number of asterisks represents the strength of support and resistance levels.