Amgen shares are closing near attractive entry levels for a medium term horizon. Investors could regard the decline over the past weeks as a buying opportunity. Investors have an opportunity to buy the stock and target the $ 192.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The close medium term support offers good timing for purchasing the stock.
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.
Historically, the company has been releasing figures that are above expectations.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 167.29 USD
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.
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