AMGN is looking at a potential run up and given the positive momentum, the AMGN may break 289.97 resistance. The stock has broken above the overhead resistance and is likely to reach our 1st resistance at 309.57. Furthermore, stochastic oscillator is showing oversold crossover and 23-period ROC is looking at bullish divergence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.