Symmetrical TriangleEarnings estimated to be in early February.
Triangles are neutral until broken.
No recommendation
4AMGN trade ideas
AMGN - Stock 2 WatchAMGN looking strong following recent breakout. Like it long on a deeper p/b into the green the box. May require aggressive entry at the top of box as that would be a gap fill. Tighter stop would be a close below the green box. Larger stop for longer term holds would be a close below the 618 Fib. Targets would be recent high and then Fib extensions. Entry requires support from broader market.
Amgen Pauses After Breaking OutBig pharma hasn’t gotten the memo about there being a bear market. Just look at Amgen.
The biotechnology stock jumped to a new record high on November 8. The breakout followed a strong earnings report and data about its olpasiran cholesterol drug.
It’s consolidated in a tight range since then, demonstrated by the narrowing of Bollinger Bandwidth. That may create the potential for prices to expand if the uptrend continues.
AMGN has made lower highs since then while holding roughly $280. The resulting triangle could provide signals for traders eying a breakout.
Third, the 21-day exponential moving average has come up from below. The stock has tested it last week and this week, but quickly responded each time. That could also suggest an uptrend is taking shape.
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$AMGN Biotech ATH/ $QQQ large shareholer- $QQQ holds 7.77M shares of $AMGN
- $AMGN post-earnings report outperformed the general market.
$AMGN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMGN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
AmgenIt's like the glass falling off the balcony.
More will be sold. Get ready for gaps. It will open with a big gap tomorrow. There is a gap today.
AMGN - potential short breakout from horizontal supportbroke horizontal support
Setup:
NASDAQ:AMGN 1D chart
enter with limit order when price pulls back - EP @ low of range
SL above last pullback
TP @ previous lows of Oct/Dec '21
R/R 3.7
⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags)
> 1:1 when hitting first support, 2:1 when hitting second, so trade should be risk free by then
Maybe Not the Best time to go Short/RectanglePrice is below the Bands.
Rectangle and price hit the bottom trendline and it shot up a bit for now
If it breaks down, targets in orange type below the rectangle structure.
No recommendation.
This pattern is neutral until a trendline is broken.
Probably will be broken, just not today perhaps
Interested in $AMGNI am now interested in $AMGN
a much better setup developing now after it absorbed some of that overhead supply and created a shakeout on the 5th.
$AMGN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AMGN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
AMGN - Channel Breakout For a long period of time price on AMGN has been within an ascending channel
This channel could be viewed as a flag of a bullflag, but we will just assume its only an ascending channel .
A breakout higher out of the channel is required to continue the bull trend
Amgen Could Be ToppySometimes in a bear market a handful of stocks remain closer to their highs before rolling over. Amgen (AMGN) could face such a condition.
The main pattern on today’s chart are the candlesticks of July 8, 11 and 12. The drugmaker attempted to push above $249 but each time closed below that level. Also notice how this price area roughly matches the closing price before the high-volume bearish gap on April 28.
The result could be a lower high. This may indicate sellers are back in control, especially with a potential double top near $258.
Next, stochastics are dipping from an overbought condition.
Finally you have the 50-day simple moving average (SMA), which AMGN held on Thursday. A break under this level could make traders expect a retest of the recent lows below $230.
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TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
RectangleNeutral until a trendline is broken with a trend in that direction.
Targets for a break to the upside are above the Rectangle and vice versa.
No recommendation
AMGN Continuation Long on the Daily AMGN Continuation Long on the Daily . TPs and SL on the chart. Max leverage/margin or call option play.
AMGN: higher highs and higher lowsA price action above 234.55 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Remains above its 200-day simple moving average.
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential.
$AMGN reversal looks nice #sss50percentrule possible2d2u on the week and making it to the target will trigger the 50% rule on the month. This may be a nice swing if it can hold and keep pushing.
$AMGN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMGN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
AMGN: A High Probability Buy Setup Amgen Inc. has been trending up since December last year. We can observe that price has recently reached a higher high at the resistance level of 258.00. Therefore, we are only looking for buy entries for this stock.
258.00 is a very strong resistance level; we can see from the past that prices have rejected more than 9 times from this level. After rejections, prices retraced but eventually rose again to retest this level multiple times. Last week, price gapped down from this resistance level, dropping back to the trend line. Therefore, this gives us a great opportunity to buy the pullback.
Entry Criteria:
We can observe from the past price movement that when the price touched the current ascending trend line, a gap up immediately was formed, followed by a strong bullish momentum sending the price back to the previous high. Therefore, during the next few days, we will be looking for a gap up from the trend line. Then we will place our buy stop orders to capture the bullish momentum.
This is a high probability buy setup because many factors support another bullish impulsive movement which could potentially send the price back to retest the recent high.
14/4/2022 NSDQ AMGNDesicion to Buy. Entry Price = $254.00. Target Price=$258.00. Stop Price=$250.00.
$AMGN watch for break of the 240 zoneSellers have been present in Amgen , keeping this stock under the 240 zone since FEB's pop.
Lot of dark pool and call option flow showing bullish signs as the stock continues consolidating and eating away supply.
I think the bulls win here, alarm it for $240 as a good long idea.
I'm in a starter JAN 275c looking to add more positions upon breakout
Conversely , if bulls fail to capitalize downside target would be 220 zone.
