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After Yesterday's Rally of 1.41% Shares Could Potentially Pullback

By Nick Russo

Amgen Inc (NASDAQ:AMGN) traded in a range yesterday that spanned from a low of $170.14 to a high of $172.63. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $172.08 on volume of 623,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amgen Inc share prices have moved between a 52-week high of $184.21 and a 52-week low of $84.77 and are now trading 103% above that low price at $172.36 per share. The 200-day and 50-day moving averages have moved 0.1% lower and 0.40% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Amgen Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amgen Inc in search of a potential trend change.

Keywords: rebounders amgen inc

Ticker(s): AMGN