TEVA 20.00 breakout was a huge trade, and I turn to other pharmaceutical names that I like and I find this AMGN trade! Little risk, nice uptrend, a worth-taking trade for me yo! Let's see how it goes!
Going long December $175 calls in Amgen here today. Seasonally strong stock in December and pull back into long term support with bullish RSI Divergence. www.omahacharts.com
Amgen Ing (AMGN) is on support + an engulfing bullish pattern appeared yesterday (on a daily scale).
I'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism. Good luck! Ivan Labrie
As we can see through price action that price is in correction price also formed a flag pattern hence confirming the downward move. strict stop loss at 169. one should also see for some sport at the support zone which is quite strong.
NASDAQ:AMGN Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction. Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski High volume nodes and POC labeled.
Will it break out of down trend and complete right shoulder?
Use Buy Sell v3.6 from Synergy Trading to profit from the market
$OPK Price Projection through EOY, if buyout doesn't occur from $PFE prior.
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...
Downward wedging triangle. MACD bullish crossover, MFI RSI oversold.