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After Yesterday's Decline of 1.40%, Amgen Inc Offers Investors Better Value

Feb 09, 2018 (SmarTrend(R) News Watch via COMTEX) --

Amgen Inc (NASDAQ:AMGN) traded in a range yesterday that spanned from a low of $170.34 to a high of $175.46. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $172.04 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Amgen Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amgen Inc in search of a potential trend change.

Over the past year, Amgen Inc has traded in a range of $84.77 to $201.23 and is now at $171.59, 102% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Write to Chip Brian at cbrian@mysmartrend.com

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