Amgen may rise to 343.00 - 355.00

Our pivot point stands at 289.

Our preference

As long as 289 is support look for 343.

Alternative scenario

The downside breakout of 289 would call for 269 and 258.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (308.1835) but above its 50 day moving average (289.9884).

Supports and resistances

367 **

355 *

343 **

332

305.02 (USD-last)

297

289 **

269 *

258 **

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