• Return to Headlines

Amgen Inc Falls 1.24% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Amgen Inc (NASDAQ:AMGN) traded in a range yesterday that spanned from a low of $224.40 to a high of $226.52. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $226.26 on volume of 521,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Amgen Inc and will alert subscribers who have AMGN in their portfolio or watchlist when shares have changed trend direction.

Amgen Inc share prices have moved between a 52-week high of $244.99 and a 52-week low of $166.30 and are now trading 35% above that low price at $224.16 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders amgen inc

Ticker(s): AMGN