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S&P 500: 1,340.35 Change: -0.84%
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SELL: AMGEN INC. (AMGN) Rating: 2
Start Price: $58.95
Points: +19.56
Created: 09/03/2009
AMGN closed at $58.47 today.
On a purely Technical Analysis AMGN has just cracked its 50DMA after dropping through the 20DMA just a week ago. Its now headed to meet its 200DMA at around $54, maybe lower to cover the gap created back in July. There is some support around $57.50 where the stock based in July.

On the weekly chart AMGN just closed under its 200WMA. The weekly 20WMA and 50WMA have just converged on $54.54 with previous support at the $51 level.

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