Learn to Evaluate (AMGN) using the Charts
February 16, 2024, 21:06 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMGN
- Buy AMGN slightly over 274.15 target 294.27 stop loss @ 273.36 Details
The technical summary data tells us to buy AMGN near 274.15 with an upside target of 294.27. This data also tells us to set a stop loss @ 273.36 to protect against excessive loss in case the stock begins to move against the trade. 274.15 is the first level of support below 283.7 , and by rule, any test of support is a buy signal. In this case, support 274.15 would be being tested, so a buy signal would exist.
- Short AMGN slightly under 294.27, target 274.15, stop loss @ 295.12 Details
The technical summary data is suggesting a short of AMGN as it gets near 294.27 with a downside target of 274.15. We should have a stop loss in place at 295.12though. 294.27 is the first level of resistance above 283.7, and by rule, any test of resistance is a short signal. In this case, if resistance 294.27 is being tested, so a short signal would exist.
Swing Trading Plans for AMGN
- Buy AMGN slightly over 288.85, target 294.27, Stop Loss @ 288.02 Details
If 288.85 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 288.85, with an upside target of 294.27. The data also tells us to set a stop loss @ 288.02 in case the stock turns against the trade. 288.85 is the first level of resistance above 283.7, and by rule, any break above resistance is a buy signal. In this case, 288.85, 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 288.85, target 274.15, Stop Loss @ 289.68. Details
The technical summary data is suggesting a short of AMGN if it tests 288.85 with a downside target of 274.15. We should have a stop loss in place at 289.68 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, 288.85, 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 284.68, target 288.33, Stop Loss @ 284.02 Details
If 284.68 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 284.68, with an upside target of 288.33. The data also tells us to set a stop loss @ 284.02 in case the stock turns against the trade. 284.68 is the first level of resistance above 283.7, and by rule, any break above resistance is a buy signal. In this case, 284.68, 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 284.68, target 274.15, Stop Loss @ 285.34. Details
The technical summary data is suggesting a short of AMGN if it tests 284.68 with a downside target of 274.15. We should have a stop loss in place at 285.34 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, 284.68, 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 February 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
274.15 |
| P2 |
284.68 |
273.98 |
294.27 |
| P3 |
288.33 |
288.85 |
315.02 |
AI Generated Signals for AMGN
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Amgen Inc. (NASDAQ: AMGN) report below can help you understand how to do this. The trading plans for AMGN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMGN:
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