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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: horsegirl48 who wrote (8096)	4/22/2005 10:07:01 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Long-term chart shows AMGN in a sideways trend, stabilizing at long-term chart and moving average support: stockcharts.com[w,a]waclyyay[df][pb50!b200][vc60]&pref=G Short-term, I see little good news in AMGN's chart: 139.142.147.218 Sell signals from overbought territory. I would not be looking for a long entry in AMGN if I were you. Wait until it gets oversold, that's my suggestion. Then re-evaluate AMGN with a particular eye towards support levels, and whether those hold up. The first place I would consider a long position in AMGN is the lower BB rail. That's also gap support. If that fails to hold, then that does not bode well for AMGN's medium-term prospects. T