Amgen may rise to 345.00 - 350.00

Our pivot point stands at 313.

Our preference

The upside prevails as long as 313 is support.

Alternative scenario

Below 313, expect 304 and 298.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 310.905 and 306.9626).

Supports and resistances

356 **

350 *

345 **

339

325.08 (USD-last)

317

313 **

304 *

298 **

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