Amgen (AMGN) declined in its latest intraday trading as the stock attempts to acquire positive momentum that may help it recover and rise again. This comes amid ongoing dynamic support provided by its trading above the previous 50-day SMA, and under the dominance of the main short-term ascending trend with the price moving alongside a secondary trendline. We also note the early arrival of positive signals from the RSI indicators.

 

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above the support level of $330.35, targeting the resistance level of $355.00.

 

Today’s price forecast: Bullish