Trading (AMGN) With Integrated Risk Controls

July 08, 2024, 08:02 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMGN

• Buy AMGN slightly over 307.78 target 330.62 stop loss @ 306.89 Details

The technical summary data tells us to buy AMGN near 307.78 with an upside target of 330.62. This data also tells us to set a stop loss @ 306.89 to protect against excessive loss in case the stock begins to move against the trade. 307.78 is the first level of support below 310.14 , and by rule, any test of support is a buy signal. In this case, support 307.78 is being tested, a buy signal would exist.

• Short AMGN slightly under 330.62, target 307.78, stop loss @ 331.57 Details

The technical summary data is suggesting a short of AMGN as it gets near 330.62 with a downside target of 307.78. We should have a stop loss in place at 331.57though. 330.62 is the first level of resistance above 310.14, and by rule, any test of resistance is a short signal. In this case, if resistance 330.62 is being tested, a short signal would exist.

Swing Trading Plans for AMGN

• Buy AMGN slightly over 318.66, target 330.62, Stop Loss @ 317.74 Details

If 318.66 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 318.66, with an upside target of 330.62. The data also tells us to set a stop loss @ 317.74 in case the stock turns against the trade. 318.66 is the first level of resistance above 310.14, and by rule, any break above resistance is a buy signal. In this case, 318.66, 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 318.66, target 308.65, Stop Loss @ 319.58. Details

The technical summary data is suggesting a short of AMGN if it tests 318.66 with a downside target of 308.65. We should have a stop loss in place at 319.58 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, 318.66, 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 311.33, target 318.66, Stop Loss @ 310.6 Details

If 311.33 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 311.33, with an upside target of 318.66. The data also tells us to set a stop loss @ 310.6 in case the stock turns against the trade. 311.33 is the first level of resistance above 310.14, and by rule, any break above resistance is a buy signal. In this case, 311.33, 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 311.33, target 308.65, Stop Loss @ 312.06. Details

The technical summary data is suggesting a short of AMGN if it tests 311.33 with a downside target of 308.65. We should have a stop loss in place at 312.06 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, 311.33, 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 July 08:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	285.93
P2	307.62	308.65	307.78
P3	311.33	318.66	330.62

AI Generated Signals for AMGN

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