(AMGN) Pivots Trading Plans and Risk Controls

April 23, 2025, 21:20 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMGN

• Buy AMGN near 260.51 target 288.67 stop loss @ 259.76 Details

The technical summary data tells us to buy AMGN near 260.51 with an upside target of 288.67. This data also tells us to set a stop loss @ 259.76 to protect against excessive loss in case the stock begins to move against the trade. 260.51 is the first level of support below 277.9 , and by rule, any test of support is a buy signal. In this case, support 260.51 would be being tested, so a buy signal would exist.

• Short AMGN slightly under 288.67, target 260.51, stop loss @ 289.5 Details

The technical summary data is suggesting a short of AMGN as it gets near 288.67 with a downside target of 260.51. We should have a stop loss in place at 289.5though. 288.67 is the first level of resistance above 277.9, and by rule, any test of resistance is a short signal. In this case, if resistance 288.67 is being tested, so a short signal would exist.

Swing Trading Plans for AMGN

• Buy AMGN slightly over 284.67, target 288.67, Stop Loss @ 283.85 Details

If 284.67 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 284.67, with an upside target of 288.67. The data also tells us to set a stop loss @ 283.85 in case the stock turns against the trade. 284.67 is the first level of resistance above 277.9, and by rule, any break above resistance is a buy signal. In this case, 284.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMGN slightly near 284.67, target 270.66, Stop Loss @ 285.49. Details

The technical summary data is suggesting a short of AMGN if it tests 284.67 with a downside target of 270.66. We should have a stop loss in place at 285.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 284.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMGN

• Buy AMGN slightly over 279.42, target 284.67, Stop Loss @ 278.77 Details

If 279.42 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 279.42, with an upside target of 284.67. The data also tells us to set a stop loss @ 278.77 in case the stock turns against the trade. 279.42 is the first level of resistance above 277.9, and by rule, any break above resistance is a buy signal. In this case, 279.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMGN slightly near 279.42, target 270.66, Stop Loss @ 280.07. Details

The technical summary data is suggesting a short of AMGN if it tests 279.42 with a downside target of 270.66. We should have a stop loss in place at 280.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 279.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Amgen Inc. (AMGN) available here: AMGN.

AMGN Ratings for April 23:

AI Generated Signals for AMGN

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This Amgen Inc. (NASDAQ: AMGN) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMGN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMGN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMGN too.  All of these are offered below the Summary Table.