The closer we get to election day, each week this stock will rise. Before RNC convention stock will be $85.00 and hold till next surge. Amgen is and has always been a blockbuster. The main problem with this company was management. We now have a new ringmaster with great ideas. Take this advice to the bank.
I disagree. The new management has yet to prove itself. So far, I'm not overly impressed. AMGN is approaching the old high from about 7 years ago, and it's having a lot of trouble breaking through it. It looks to me as if there's big time distribution going on. The price is too high to justify taking new positions. I suspect it'll have to slide to around 70 before it makes any sense to get in. JMO, but I wouldn't do any buying until there's a meaningful correction. A decisive breakout above the mid-80's would signal a move to the 90-100 level. I'm not bailing out, but I'm certainly not buying more at this price.