$AMGN bouncing off MT support (4/5)Conviction: 4/5
there may be near-term pullback for better entry at support
General Thesis
bounce from medium-term resistance (2017)
although a bit of indecision around resistance line
Weekly RSI showing good bounce near historical support
Growth
Margins high but declined in 2021
growth is low but around 50th percentile compared to self
Value
P/FCF is high: about 80th percentile
P/S is below average: about 35th percentile
Fundamentals/Balance Sheet
debt/asset ratio good: below 1
quick ratio good: above 1
Potential Risks
expensive market...