2024-05-21 16:27:16 ET
Summary
- Amgen Inc. stock is challenging the $320 resistance level after a recent uptrend.
- Technical indicators suggest short-term upward momentum and strong buying pressure.
- EPS growth outlook and robust pipeline support the Amgen breakout from a fundamental level.
AMGN stock: challenging the $320 resistance level
Amgen Inc. ( AMGN ) share prices have been on an uptrend recently, albeit an uneven one as seen in the chart below. The stock price increased from around $211 a year ago (which was also its 52-week low) and advanced to a peak of about $320 in February 2024. But the stock prices quickly declined back to the $265~$280 range....
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Amgen Stock: Poised To Break Out (Technical Analysis)