Amgen Builds on a Breakout

A multiyear upside breakout on Amgen (AMGN) has our attention. Prices were stuck in a broad sideways trading range since late 2014 as dips into the $140-$130 area were bought and rallies up around $180 were sold. With AMGN trading around $188 now, it looks like a breakout is under way.

Let's check out the short-term and longer-term charts and indicators to see what strategy makes sense at this time. It is possible this large consolidation pattern can support a big advance....284 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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