AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $52 1/2 on Jun 18, 1999 prices
rallied, reaching a
high of $79 1/8
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$72 1/9 on Jul 22, 1999.
Another rally saw prices penetrate
resistance, closing 7/30/99
at $76 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $72 1/2. Resistance: Is at $78 3/4.
Point & Figure: Reversed to the upside on Jul 30, 1999. A P&F upside
reversal takes place at $72 1/2. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $77 1/8 Stop: Use a protective stop of $74 3/8.
AMGEN INC is currently trading @ $76 7/8 plus $3 1/4 on Jul 30, 1999. Price Objective:
$99 3/4. Risk/Reward: $2 3/4 VS. $26 5/8. Today's Risk Reward Ratio: 8:1
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