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Friday, May 11, 2007 

AMGN shares were down

Chart courtesy of stockcharts

On the other hand AMGN shares were down nearly 2% to 56.30$ after J.P. Morgan and Citigroup downgraded stock due to concerns about its anemia drug. Looking at the chart stock drop significativily since yesterday, from 62 to 56. All Indicators are now in Bearish territory with MACD below 0 and RSI in oversold conditions, the only positive aspect that chart show, is that stock have closed above the major support at 55$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a great weekend !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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