Trading (AMGN) With Integrated Risk Controls

November 09, 2024, 08:16 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMGN

• Buy AMGN near 309.46 target 330.59 stop loss @ 308.57 Details

The technical summary data tells us to buy AMGN near 309.46 with an upside target of 330.59. This data also tells us to set a stop loss @ 308.57 to protect against excessive loss in case the stock begins to move against the trade. 309.46 is the first level of support below 325.28 , and by rule, any test of support is a buy signal. In this case, support 309.46 would be being tested, so a buy signal would exist.

• Short AMGN slightly under 330.59, target 309.46, stop loss @ 331.54 Details

The technical summary data is suggesting a short of AMGN as it gets near 330.59 with a downside target of 309.46. We should have a stop loss in place at 331.54though. 330.59 is the first level of resistance above 325.28, and by rule, any test of resistance is a short signal. In this case, if resistance 330.59 is being tested, so a short signal would exist.

Swing Trading Plans for AMGN

• Buy AMGN slightly over 330.59, target 352.79, Stop Loss @ 329.64 Details

If 330.59 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 330.59, with an upside target of 352.79. The data also tells us to set a stop loss @ 329.64 in case the stock turns against the trade. 330.59 is the first level of resistance above 325.28, and by rule, any break above resistance is a buy signal. In this case, 330.59, 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 330.59, target 323.81, Stop Loss @ 331.54. Details

The technical summary data is suggesting a short of AMGN if it tests 330.59 with a downside target of 323.81. We should have a stop loss in place at 331.54 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, 330.59, 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 330.59, target 352.79, Stop Loss @ 329.82 Details

If 330.59 begins to break higher, the technical summary data tells us to buy AMGN just slightly over 330.59, with an upside target of 352.79. The data also tells us to set a stop loss @ 329.82 in case the stock turns against the trade. 330.59 is the first level of resistance above 325.28, and by rule, any break above resistance is a buy signal. In this case, 330.59, 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 330.59, target 323.81, Stop Loss @ 331.36. Details

The technical summary data is suggesting a short of AMGN if it tests 330.59 with a downside target of 323.81. We should have a stop loss in place at 331.36 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, 330.59, 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 November 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	309.46
P2	319.41	318.43	330.59
P3	323.52	323.81	352.79

AI Generated Signals for AMGN

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