Delayed Nasdaq - 03/23 09:00:01 pm

The technical configuration is positive

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Anas Lozach

Strategy published on : 03/05/2018 | 16:11

long trade
Stop-loss triggered

Entry price : 187.63$
Target : 203$
Stop-loss : 178.45$
Potential : 8.19%

The timing appears opportune to go long in shares of Amgen as we anticipate another pick-up in the underlying trend.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.


● Stock prices approach a strong long-term resistance in weekly data at USD 196.01.

● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● The company's "enterprise value to sales" ratio is among the highest in the world.

● Revenue estimates are regularly revised downwards for the current and coming years. 2018
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