Our favorite Deep in the money former hard-nose baseball player is currently picking AMGN for his next Call. By taking a look at the different time frames one can see that he may be on to something here. The 10 year monthly chart below shows AMGN basing on the 200 month EMA.
The 5 year weekly shows the lackluster strength of the latest bull move off multi-year lows into the mid-channel off the last fall on low volume.
The 6 month Daily makes it intesting with the flattening out of the 5-day, 20-day, 50-Day EMA's. It is pounding the underside of the 50-Day and could make themove back to the 200-Day EMA at $48.50 in a hurry once it clears with volume.
The 10-Day - 10 min chart shows the retracement of the latest bull charge finding support and bouncing off the 50% line an making higher highs and higher lows.
The 5 year weekly shows the lackluster strength of the latest bull move off multi-year lows into the mid-channel off the last fall on low volume.
The 6 month Daily makes it intesting with the flattening out of the 5-day, 20-day, 50-Day EMA's. It is pounding the underside of the 50-Day and could make themove back to the 200-Day EMA at $48.50 in a hurry once it clears with volume.
The 10-Day - 10 min chart shows the retracement of the latest bull charge finding support and bouncing off the 50% line an making higher highs and higher lows.
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