AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $43.90 on Nov 8, 2002 prices
rallied, reaching a
high of $53.02
on Dec 24, 2002. A
decline saw prices pull back, reaching a
low of
$47.96 on Dec 31, 2002.
Another rally saw prices penetrate
resistance, closing 1/22/03
at $6=52.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 27, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.75. Resistance: Is at $53.02.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $50.25. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $53.13 Stop: Use a protective stop of $50.63.
AMGEN INC is currently trading @ $6=52.50 plus $1.63 on Jan 22, 2003. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $21.88. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.50 VS. $21.88
Risk/Reward Ratio:
9:1
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