Amgen may rise to 330.00 - 336.00

Our pivot point stands at 301.

Our preference

As long as 301 is support look for 330.

Alternative scenario

Below 301, expect 292 and 287.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. 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.