AMGN Forms Bullish Engulfing at Broken Resistance

The intraday bullish engulfing scan was quite full around 12PM ET with over 200 stocks making the cut. Among them, Amgen (AMGN) formed a bullish engulfing near the mid October low and 38.2% retracement. The channel is still falling here with the upper trend line marking resistance at 87.

121109amgn


Click this image for a live chart.

 Previous Article Next Article