Amgen (AMGN) – Bullish DailyPlay for Friday June 29th, 2018

The bullish DailyPlay we chose for Friday, June 29th is Amgen (AMGN). AMGN is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.04% move lower and its 1m/6m trend has turned neutral yesterday but recently bounced higher off its $83 support level.

Amgen’s 1m and 6m trends turned bullish on 5/30 and recently broke above its $180 resistance level which becomes support. With a technical score of 7 (out of 10), AMGN is a strong bullish stock that will likely continue higher.

View this Trade Idea on AMGN

As a stop loss, if AMGN was to trade below $180 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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