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AMGEN INC
(AMGN-NYSE):
Technical Viewpoint: From a low
of $42.83 on Sep 14, 2002 prices
rallied, reaching a
high of $47.09
on Sep 11, 2002. A
decline saw prices pull back, reaching a
low of
$39.12 on Sep 23, 2002.
Another rally saw prices penetrate
resistance, closing 10/10/02
at $48.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at $48.92.
Point & Figure: Reversed to the upside on Oct 2, 2002. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-NYSE) @ $48.38 Stop: Use a protective stop of $46.38.
AMGEN INC is currently trading @ $48.24 plus $2.62 on Oct 10, 2002. Price Objective:
$61.00. Risk/Reward: $2.00 VS. $12.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.00 VS. $12.62
Risk/Reward Ratio:
6:1
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