AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $30.57 on Jul 7, 2002 prices
rallied, reaching a
high of $46.65
on Jul 30, 2002. A
decline saw prices pull back, reaching a
low of
$41.99 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/6/02
at $44.23. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39.00. Resistance: Is at $50.50.
Point & Figure: Reversed to the upside on Aug 6, 2002. A P&F upside
reversal takes place at $44.25. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $45.63 Stop: Use a protective stop of $43.63.
AMGEN INC is currently trading @ $44.23 plus $2.01 on Aug 6, 2002. Price Objective:
$54.50. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.50
Risk/Reward:
$2.00 VS. $8.88
Risk/Reward Ratio:
4:1
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