The PEAD projected a Neutral outlook for $AMGN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
AMGN Amgen to buy HZNP Horizon Therapeutics for about $27.8 billion.
This huge spend could trigger a selloff in AMGN Amgen stock after earnings.
It`s speculative, but looking at the AMGN Amgen options chain ahead of earnings , I would buy the $240 strike price Puts with
2023-2-17 expiration date for about
$2.75 premium.
If the options turn out to be profitable...
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta that reduces the chance of...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
AMGN looking strong following recent breakout. Like it long on a deeper p/b into the green the box. May require aggressive entry at the top of box as that would be a gap fill. Tighter stop would be a close below the green box. Larger stop for longer term holds would be a close below the 618 Fib. Targets would be recent high and then Fib extensions. Entry requires...
Big pharma hasn’t gotten the memo about there being a bear market. Just look at Amgen.
The biotechnology stock jumped to a new record high on November 8. The breakout followed a strong earnings report and data about its olpasiran cholesterol drug.
It’s consolidated in a tight range since then, demonstrated by the narrowing of Bollinger Bandwidth. That may...
The PEAD projected a Bullish outlook for $AMGN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
broke horizontal support
Setup:
NASDAQ:AMGN 1D chart
enter with limit order when price pulls back - EP @ low of range
SL above last pullback
TP @ previous lows of Oct/Dec '21
R/R 3.7
⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags)
> 1:1 when hitting first support, 2:1 when hitting second, so trade...
Price is below the Bands.
Rectangle and price hit the bottom trendline and it shot up a bit for now
If it breaks down, targets in orange type below the rectangle structure.
No recommendation.
This pattern is neutral until a trendline is broken.
Probably will be broken, just not today perhaps
The PEAD projected a Neutral outlook for $AMGN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
For a long period of time price on AMGN has been within an ascending channel
This channel could be viewed as a flag of a bullflag, but we will just assume its only an ascending channel .
A breakout higher out of the channel is required to continue the bull trend
Sometimes in a bear market a handful of stocks remain closer to their highs before rolling over. Amgen (AMGN) could face such a condition.
The main pattern on today’s chart are the candlesticks of July 8, 11 and 12. The drugmaker attempted to push above $249 but each time closed below that level. Also notice how this price area roughly matches the closing price...
