$AMGN (NASDAQ) - BuyI don't usually trade biotech, however, AMGEN is looking like a buy to me. Showing rejection from the 200ma with a bullish engulfing bar.
RSI was previously oversold at the 200ma along with the Stoch.
Strong fundamentals. One downgrade from Argus but most ratings still targeting 188-198.
Entry: 175
Stop - 167
TP1 - 188
TP2 - 200
AMGN trade ideas
AMGN MAKING MASHED POTATO'SNO. 1 STOCK IN NASDAQ AND IBB, 10K INVESTMENT 30 YEARS AGO WOULD BE WORTH 10 MILLION DOLLARS
lookIing at a chart dating back to 1984 and compared it to the S&P 500 as well as other "mature growth" stocks, including McDonald's, Nike, Home Depot and Apple. Over the time period, Amgen rallied close to 100,000 percent, far outperforming the S&P 500 (INDEX: .SPX)'s 1,373 percent move, McDonald's (NYSE: MCD) nearly 6,000 percent rise, Nike (NYSE: NKE) and Home Depot (NYSE: HD)'s more than 20,000 percent move and Apple (NASDAQ: AAPL)'s 35,163 percent rally. if one had invested $10,000 in Amgen in 1984, it would have returned nearly $10 million.
A $buck 80 is still cheap. $205, now that's expensive!Hello Traders!
Looking at stock charts today Im seeing some familiar corrective wave formations. They're looking like price has a good chance of rising until 205 before it plummets a couple points.
This is more of a buy and hold type of thing until the beginnings of 2018
Risk a Quarter to make a Dollar..
Ready for the next phase up??This will not rocket up, but for the long term investor or someone who likes to buy leaps this is your stock.. As Trump would say, "This is a Huuuge wedge" that got squeezed. This is the weekly chart and I like it!. Lets wait for confirmation like maybe a tiny red candle pull pack or trade sideways for a few days.
Amgen: have a break?Amgen is a good performer the latest weeks. We see that indicators (Elliot Wave Oscillator, not given in this chart) give us positive and negative signs. First of all the power of the bounce becomes weaker. On the other hand there still is a gap and Amgen is trying to fill this. If Amgen breaks the declining blue line, the power of the uptrend increases. Above the 180 dollar level, the next target is attacking the 194. But first, let's see where the bulls arrive... I'm in at a price of 160 dollar