Zooming In on Amgen's Charts

By

Carolyn Boroden

 | Jun 27, 2014 | 9:00 AM EDT
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I'm pretty sure I've shown you the bigger-picture analysis in Amgen (AMGN) on the weekly chart. This is where the path of least resistance on this particular chart would suggest an eventual move to the 1.272 target at the $134.61 area if price continues to hold above the late April 2014 lows. (The actual low was made on April 28, though the weekly charts note that that is the week ending May 2, which is the date illustrated on the weekly chart.) 

I'm not willing to risk below this key low, however, to see if I'm right! So how can you manage the trade if you are in it? Or how can you get involved with well-defined risk if you are not already in this name?...298 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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