Thursday, August 8, 2013
Amgen Breaks Out Of Very Long Term Base Pattern
Amgen is an extremely interesting company in an extremely interesting position. They are one of the largest manufacturers of biologic pharmaceuticals in the world. The market for this type of pharmacotherapy is expanding exponentially. From a technical perspective, Amgen has a very bullish price chart. It has broken out of a multi year period of price consolidation that has lasted approximately 11 years. This uptrend could last a decade or more...
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