Earnings estimated to be in early February. Triangles are neutral until broken. No recommendation
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...
- $QQQ holds 7.77M shares of $AMGN - $AMGN post-earnings report outperformed the general market.
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%.
Ascending triangle, clearing 52 week high. Look for fast move higher.
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
I am now interested in $AMGN a much better setup developing now after it absorbed some of that overhead supply and created a shakeout on the 5th.
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...
AMGN Continuation Long on the Daily . TPs and SL on the chart. Max leverage/margin or call option play.
Breakout $AMGN on volume and relative strength - equal leg target 271$
A price action above 234.55 supports a bullish trend direction. Crossing below this level will negate the bullish stance. Remains above its 200-day simple moving average. Upside price momentum supports the bullish trend. RSI leaves enough room for further upside price potential.