Stocks are on sale ... BIG discounts ... BUY now ( smiling ) ...
(1) Trading systems' breakdown caused crash
(2) Germany: Restoring confidence in euro top priority
(3) Cramer: No pain, no gain in this market
(4) NYSE expects all US stocks to have circuit breakers
(5) Staples 1Q net income rises
(6) The Big Money: Senate fails to end debate on bank reform bill
(7) Happy customers, happy investors?
(8) Redford on the oil disaster
(9) Who are the best CEOs ever?
(10) Markets plunge o… More
| Price | 66.84 |
| Price Change Today | -$1.22 (-1.79%) |
| P&P rating |  |
| Zacks Rank | 2 - BUY |
| Open Price | $68.01 |
| Previous Close | $68.06 |
| Daily Range | $66.67 - $68.06 |
| 52-Week Range | $47.66 - $0.00 |
| Volume | 9,140,127 |
| Amgen Inc. discovers, develops and delivers innovative human therapeutics. A biotechnology pioneer, Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have changed the practice of medicine, helping millions of people around the world in the fight against cancer, kidney disease, rheumatoid arthritis, and other serious illnesses. With a deep and broad pipeline of potential new medicines, Amgen remains committed to advancing science to dramatically improve people's lives. | |
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(1) Trading systems' breakdown caused crash
(2) Germany: Restoring confidence in euro top priority
(3) Cramer: No pain, no gain in this market
(4) NYSE expects all US stocks to have circuit breakers
(5) Staples 1Q net income rises
(6) The Big Money: Senate fails to end debate on bank reform bill
(7) Happy customers, happy investors?
(8) Redford on the oil disaster
(9) Who are the best CEOs ever?
(10) Markets plunge on global worries
(11) Jobless claims rise; leading economic indicators fall. Unions strike in Greece. South Korea blames North Korea for sinking its warship in March. more...
(12) What copper says about the economy
(13) Most eyes are on gold right now, but copper gives us a better read on the economy and a better way to play the recovery. more...
** Jobless claims rise by largest amount in 3 months 5/20/2010 11:55 AM
** Oil arrives on La. shore, edges into key current 5/20/2010 11:52 AM
** ITT awarded $32M contract for Qatar plant 5/20/2010 11:50 AM
** Sears' net income falls on appliance discounts 5/20/2010 11:50 AM
"Last week, S&P 500 forward earnings [estimates] soared again to $88.59 per share," economist Ed Yardeni wrote in a Thursday report for Yardeni Research. "The consensus for earnings in 2011 rose to $99.52.... Put a multiple anywhere between a reasonable range of 13-15, and the result is that the S&P 500 will be somewhere between 1300 and 1500 by the end of the year."
The selling effort has sent the Volatility Index up 25% to a new 52-week high. Options are likely playing a part in the spike since tomorrow is an options-expiration session.
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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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