Million

Resistance

Billion

Amgen

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Amgen’s stock price is currently trading at $262.51 with a rise of 0.17% in the last 24 hours.</a> </li> 
 <li> <span>2</span> <a>AMGN has a current market cap of $140.417 Billion.</a> </li> 
</ul> 
<p>The price of AMGN opened at $261.70 on Thursday 11th August 2023 and closed at $262.51 with a change of 0.17% in the whole trading session. The stock made a high of $264.11 and a low of $260.83 with a volume of 1.56 Million.</p> 
<p>The 24-hour volume of shares is 1.561 Million and the last 10 days’ average volume of shares is 3.008 Million. Amgen has a market capitalization of 140.417 Billion. It has a price-to-earnings ratio of 17.67 and a basic EPS of 14.92.</p> 
<p>The quarter of the stock generated a revenue of 6.05 Billion with a net income of 2.84 Billion and a profit margin of 46.94%. On the other hand, when one looks at the second quarter of the stock, it generated a revenue of 6.95 Billion with a net income of 1.38 Billion and a profit margin of 19.84%. Data stats show a decline in net income and profit margin.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-amgen-stock-strong"><strong>Technical Analysis of Amgen Stock</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/dIEVeKTHQnaYJDVOqQik3ReKw5C440t8I7gc_hR-P62uIbviBQ3ApdN_qjxJQrZ12NPLdp7Unyuxs4pti6oJZZNgrLPp2o7xHIhuREOEne_8x17bNfSgmqz6XqqwVTxZ4A3Axu9BaFYs0Vse8oFzY8g" alt="Amgen Stock (AMGN) A Long-Term Investment or a Short-Term Play?"> 
  <figcaption class="wp-element-caption">
    Source:&nbsp; Amgen.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Amgen stock is showing strong bullish momentum as its stock price has trended above the 50-day and 200-day moving averages. AMGN stock price could start a new uptrend and move higher if the buying pressure continues. Furthermore, the bullish signal on the daily chart confirms the positive outlook.</p> 
<p>On the 4-hour chart, AMGN stock is on the gave a breakdown above the $256.93 level, which gives strong bullish vives.</p> 
<p>The RSI curve trading near 77.59 showed a rally from the neutral zone indicating buyers’ presence in the last trading sessions.</p> 
<p>The MACD indicator shows a bullish momentum and maintains green bars on the histogram, suggesting the bearishness of the stock.</p> 
<p>As per the technical indicators, <a href="https://www.thecoinrepublic.com/2023/07/07/is-amgen-inc-amgn-stock-losing-the-interest-of-investors/" target="_blank" rel="noopener noreferrer nofollow">AMGN stock</a> is showing strong bullish signals. MACD, RSI, and super trend support the stock. The RSI is above 50 in the overbought zone, showing positive momentum.</p> 
<p>&nbsp;The MACD line has been trading above the signal line, signaling bullish momentum. The super trend line is beneath the price, ensuring an upward trend. These indicators imply that AMGN stock is in a powerful bullish trend and may keep rising up.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Amgen (NASDAQ: AMGN) technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue for the AMGN stock price. Amgen’s price action suggests that the investors and traders are bullish in the 1-D time frame.&nbsp;</p> 
<p>The price action reflects a bullish perspective at the moment. Moreover,&nbsp; Amgen Investors avoid the fear of missing out. Scarcity is created in the stock market for gaining more investors and creditors. It is better to keep it at arm’s length as this may result in one of the emerging reasons for <a href="https://www.thecoinrepublic.com/2023/07/07/is-amgen-inc-amgn-stock-losing-the-interest-of-investors/" target="_blank" rel="noopener noreferrer nofollow">market</a> volatility.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $218.23 and $211.83.</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels:</strong> $256.93 and $277.46.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Amgen Stock (AMGN) A Long-Term Investment or a Short-Term Play?

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