AIQ_Systems

AMGN daily double bottom and MACD divergence

Long
AIQ_Systems Updated   
NASDAQ:AMGN   Amgen Inc.
AMGN has a small daily double bottom and MACD divergence so with the weekly chart still strong down this would be a short term trade. MACD seems to indicate price sb about $172, so bought some Jun 14th expiration 172.5 calls for 1.58. Probably hold for a few days max.
Comment:
Amgn went stellar right out of the gate met some resistance at $174 so we cashed in the calls at $4.25 thats more than doubled my money

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.