pool adsAmgen $AMGN Technical Update
The Amgen (NASDAQ: AMGN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AMGN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 192.16 | 197.92 | 184.36 |
| P2 | 197.95 | 205.91 | 200.71 |
| P3 | 205.02 | 212.84 | 217.31 |
Support and Resistance Plot Chart for AMGN
Long Term Trading Plans for AMGN
October 15, 2018, 8:00 am ET
The Technical Summary and Trading Plans for AMGN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AMGN Report.
AMGN - (Long) Support Plan
Buy over 184.36 target 200.71 stop loss @ 184.1.
The technical summary data tells us to buy AMGN near 184.36 with an upside target of 200.71. This data also tells us to set a stop loss @ 184.1 to protect against excessive loss in case the stock begins to move against the trade. 184.36 is the first level of support below 197.39 , and by rule, any test of support is a buy signal. In this case, support 184.36 would be being tested, so a buy signal would exist.
AMGN - (Short) Resistance Plan
Short under 200.71 target 184.36 stop loss @ 200.97.
The technical summary data is suggesting a short of AMGN as it gets near 200.71 with a downside target of 184.36. We should have a stop loss in place at 200.97 though. 200.71 is the first level of resistance above 197.39, and by rule, any test of resistance is a short signal. In this case, if resistance 200.71 is being tested, so a short signal would exist.
