CFD Trading – Buy Amgen Inc. (AMGN.NAS) @ $235.70. Stop @ $228.70 and Target @ $257.70.

Amgen Inc. Stock Code AMGN.NAS

Price moved above the cloud on 7 January 2021 and managed to climb to a high of $274.65. Since that high, price has been on a decline and had reached a low of $229.69. The price correction has stayed above the cloud, keeping the uptrend intact. Base line is moving higher, hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud at the moment, confirming the bullish price trend.  MACD is bullish and the fast line is turning up from the zero line, hinting of a bullish price trend. If price does not break below the downtrend channel, we see price testing the upside of $258 again.

$235.70              Buy
$257.70              Price Target
$228.70              Risk Management Stop
3 weeks              Trade Duration

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