AMGEN INC
(AMGN-Nasdaq):
Technical Viewpoint: From a low
of $59.38 on Jan 19, 2001 prices
rallied, reaching a
high of $72.38
on Feb 26, 2001. A
decline saw prices pull back, reaching a
low of
$67.88 on Feb 6, 2001.
Another rally saw prices penetrate
resistance, closing 2/12/01
at $74.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 24, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $67.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 22, 2001. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! AMGEN INC
(AMGN-Nasdaq) @ $75.12 Stop: Use a protective stop of $72.38.
AMGEN INC is currently trading @ $74.19 plus $1.62 on Feb 12, 2001. Price Objective:
$99.00. Risk/Reward: $2.75 VS. $23.38. Today's Risk Reward Ratio: 9:1
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