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Bullish Moving Average Cross by Amgen Inc (AMGN)

By Shiri Gupta

Today, shares of Amgen Inc (NASDAQ:AMGN) have advanced above their 10-day MA of $183.97 on a volume of 412K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amgen Inc share prices have been bracketed by a low of $161.13 and a high of $201.23 and are now at $184.41, 14% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Amgen Inc on May 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.04. Since that recommendation, shares of Amgen Inc have risen 3.2%. We continue to monitor AMGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amgen inc

Ticker(s): AMGN