Amgen Inc. (AMGN) stock advanced in its latest intraday trading, with the short-term uptrend remaining dominant and trading along a minor upward sloping line supporting this path. Relative Strength Index indicators have started to show positive signals after reaching highly oversold levels. With its latest rise, the stock is attempting to overcome the negative pressure from its previous 50-day SMA, signaling a full recovery.

Therefore, we expect the stock to rise in its upcoming trading, as long as the 281.65 support level holds, targeting its first resistance level at 299.50.

Todays price forecast: Bullish