Amgen may rise to 327.00 - 333.00

296 is our pivot point.

Our preference

As long as 296 is support look for 327.

Alternative scenario

The downside breakout of 296 would call for 287 and 281.

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 above its 20 and 50 day moving average (respectively at 304.041 and 294.2134).

Supports and resistances

339 **

333 *

327 **

322

309.89 (USD-last)

300

296 **

287 *

281 **

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