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AMGEN INC
(AMGN-NYSE):
Technical Viewpoint: From a low
of $56.25 on Jul 16, 2001 prices
rallied, reaching a
high of $63.75
on Aug 8, 2001. A
decline saw prices pull back, reaching a
low of
$58.36 on Aug 21, 2001.
Another rally saw prices penetrate
resistance, closing 8/23/01
at $62.92. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 23, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.00. Resistance: Is at $65.66.
Point & Figure: Reversed to the upside on Aug 23, 2001. A P&F upside
reversal takes place at $61.50. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-NYSE) @ $64.12 Stop: Use a protective stop of $61.50.
AMGEN INC is currently trading @ $62.92 plus $2.94 on Aug 23, 2001. Price Objective:
$75.00. Risk/Reward: $2.62 VS. $19.12. Today's Risk Reward Ratio: 7:1
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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:
$2.62 VS. $19.12
Risk/Reward Ratio:
7:1
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