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SmarTrend Watching for Potential Pullback in Shares of Amgen Inc After 2.54% Gain

By David Diaz

Amgen Inc (NASDAQ:AMGN) traded in a range yesterday that spanned from a low of $199.98 to a high of $203.87. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $199.32 on volume of 851,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Amgen Inc share prices have been bracketed by a low of $166.30 and a high of $211.90 and are now at $203.73, 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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.

Keywords: rebounders amgen inc

Ticker(s): AMGN