Where are the Opportunities in (AMGN)

Longer Term Trading Plans for AMGN

• Buy AMGN near 257.26 target 284.97 stop loss @ 256.52 Details

The technical summary data tells us to buy AMGN near 257.26 with an upside target of 284.97. This data also tells us to set a stop loss @ 256.52 to protect against excessive loss in case the stock begins to move against the trade. 257.26 is the first level of support below 272.05 , and by rule, any test of support is a buy signal. In this case, support 257.26 would be being tested, so a buy signal would exist.

• Short AMGN slightly under 284.97, target 257.26, stop loss @ 285.79 Details

The technical summary data is suggesting a short of AMGN as it gets near 284.97 with a downside target of 257.26. We should have a stop loss in place at 285.79though. 284.97 is the first level of resistance above 272.05, and by rule, any test of resistance is a short signal. In this case, if resistance 284.97 is being tested, so a short signal would exist.

Swing Trading Plans for AMGN

• Buy AMGN slightly over 280.69, target 284.97, Stop Loss @ 279.88 Details

If 280.69 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 280.69, with an upside target of 284.97. The data also tells us to set a stop loss @ 279.88 in case the stock turns against the trade. 280.69 is the first level of resistance above 272.05, and by rule, any break above resistance is a buy signal. In this case, 280.69, 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 280.69, target 269.22, Stop Loss @ 281.5. Details

The technical summary data is suggesting a short of AMGN if it tests 280.69 with a downside target of 269.22. We should have a stop loss in place at 281.5 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, 280.69, 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 273.52, target 280.69, Stop Loss @ 272.88 Details

If 273.52 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 273.52, with an upside target of 280.69. The data also tells us to set a stop loss @ 272.88 in case the stock turns against the trade. 273.52 is the first level of resistance above 272.05, and by rule, any break above resistance is a buy signal. In this case, 273.52, 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 273.52, target 269.22, Stop Loss @ 274.16. Details

The technical summary data is suggesting a short of AMGN if it tests 273.52 with a downside target of 269.22. We should have a stop loss in place at 274.16 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, 273.52, 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 May 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	257.26
P2	267.79	269.22	284.97
P3	273.52	280.69	313.49

AI Generated Signals for AMGN

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