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Long

$AMGN (NASDAQ) - Buy

NASDAQ:AMGN   AMGEN INC
I don't usually trade biotech, however, AMGEN is looking like a buy to me. Showing rejection from the 200ma with a bullish engulfing bar.

RSI was previously oversold at the 200ma along with the Stoch .

Strong fundamentals. One downgrade from Argus but most ratings still targeting 188-198.

Entry: 175
Stop - 167
TP1 - 188
TP2 - 200
Order cancelled: Buy order not triggered as price failed to break higher. Price now below 200ma, trade invalid.
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