Amgens stock price (AMGN) rose in latest intraday trading, while trying to recoup some recent losses as it also tried to vent off oversold saturation in the Stochastic, with positive signals emerging from it, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the price to decline as long as it settles below $283.65, targeting the pivotal support of $257.00.

Todays price forecast: Bearish