JLJ002500

AMGN - Watch - Potential 10%+ Swing

NASDAQ:AMGN   AMGEN INC
14 0 3
snapshot

Potential swing trade developing. Strong bearish price action currently. Look for bullish price action off of support. Favorable risk/reward trade with plenty of room to the upside.

Fundamentally, this is a good stock with solid fundamentals. Although i would exit the trade between $162-164, as far as an investment, I believe valuations should be much closer to $175.
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