Nov. 14 at 2:52 AM
$AMGN is currently experiencing strong upward momentum, closing at
$336.0 with an RSI of 84.68, indicating overbought conditions. The 30-day moving average (MA30) is at
$302.65, and the 50-day moving average (MA50) is at
$293.85, both suggesting bullish sentiment as the price is significantly above these averages. However, the high of
$345.78 in the last 60 days indicates a potential resistance level, while the low of
$269.77 provides a solid support base.
Given the overbought RSI, a pullback may be imminent. Suggested entry is around
$330.0 to capture a potential retracement. Set a stop loss at
$325.0 to manage risk. Target 1 is
$345.0, aligning with the 60D high, and Target 2 is
$355.0, allowing for further upside if momentum continues.
Monitor for signs of reversal as the RSI remains elevated. https://privateprofiteers.com
