My position in AMGN stock

-

A sector that has always interested me since the pandemic is the pharmaceutic. I have already discussed my interest in PFE and now we come to Amgen.


AMGN looks great on weekly chart. After a big pullback, watch as it bounces off the yellow trend line area. It does it with a lot of perfection and an income of acceptable volume of purchases.

The target price for my position in AMGN is located at $260, however I will evaluate if the movement has the strength to go further.

I bought 8 AMGN shares at $242.7 so holding up to $260 would give me +8% returns. Nothing big but acceptable in these contexts of uncertainty.

Location: Wall St, New York, NY, EE. UU.

Comments

Post a Comment

Popular posts from this blog

Your grandparents' breakfast cost 4000% less

-
Image
It is not a joke. In the image that I show you (sorry it's in Spanish, you already know that my native language is that) you will see the list of ingredients of a typical breakfast from 1935, where the origin of each element is also specified. 1935's Breakfast included (Source: Think And Grow Rich - Napoleon Hill - 1935): Juice, bread, wheat buns, tea, bananas, eggs, sugar and butter. The total cost of your grandparents' breakfast was $0.20. Over the decades, inflation, always silent and present, together with the depreciation of the dollar plus other marketing factors led to today, 2023, our breakfast at a fast food chain costing a little more... approximately $8 depending on the region where we are. Do you know how much more this represents in financial terms? The answer is that our breakfast is +%4000  more expensive than that of our grandparents in these relative terms. This is one of the reasons why I am interested in having knowledge of the markets. Perhaps most of t...
Read more

Should I care about the Pre-Market?

-
Image
The answer is yes, but not always. However, the Pre-Market , in general, should not affect or modify your investment decisions in most cases. Over the years, I have seen many Pre-Market days in full red . I am going to tell you a true story that I lived (and several times!): --- Everything indicated a great bearish day in the entire market, the red Pre Market showed it. In fact, it is fulfilled and the first minutes of the market is catastrophic. Big hands don't stop selling. I see how the value of my shares in a matter of minutes goes down and down. At a certain moment, everything seems to have found a floor, and the great investor decides to start Buying. Slowly, the red of the market begins to turn to a breakeven-flavored gray and the hours after the big bleed turn green. In the midst of that fearful situation, I let myself go and also sold my shares at a loss. The market is close to closing and I already see the Green color in most of the actions. The closing bell rings and we ...
Read more

My position at CME

-
Image
After having closed my position in PEP at profit , it was time to look for new opportunities. Since last year CME Group has seemed interesting to me. Financially solid, always beating Earnings and growing at a constant pace. After analyzing the most important graphic temporalities, I decide that my next investment will be here. Note that it is touching the bottom of the large channel on the monthly chart after having retraced to the 78.6 Fibonacci level . In addition, the RSI appears in full bullish break and there are already 3 months of growth in the action. My target profit will be $220 as conservative and $280 as ambitious. What do you think? Subscribe to my newsletter to have all my positions in your mailbox.
Read more