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Look for Shares of Amgen Inc to Potentially Rebound after Yesterday's 1.65% Sell Off

By Shiri Gupta

Amgen Inc (NASDAQ:AMGN) traded in a range yesterday that spanned from a low of $194.28 to a high of $202.96. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $200.77 on volume of 1.6 million 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.

In the past 52 weeks, shares of Amgen Inc have traded between a low of $163.31 and a high of $210.19 and are now at $197.17, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.33% higher over the past week, respectively.

Keywords: rebounders amgen inc

Ticker(s): AMGN