Amgen: 52-Week High Recently Eclipsed (AMGN)

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Dec 11, 2012 (52 Week high-lows via COMTEX) -- Shares of Amgen (NASDAQ:AMGN) traded at a new 52-week high today of $90.25. So far today approximately 2.9 million shares have been exchanged, as compared to an average 30-day volume of 4.5 million shares.

Amgen share prices have moved between a 52-week high of $90.25 and a 52-week low of $57.14 and are now trading 57% above that low price at $89.74 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.27% higher over the past week, respectively.

Amgen Inc. discovers, develops, manufactures, and markets human therapeutics based on cellular and molecular biology. The Company focuses its research on secreted protein and small molecule therapeutics, with particular emphasis on neuroscience and cancer. Amgen concentrates on the areas of hematology, cancer, infectious disease, endocrinology, neurobiology, and inflammation.

Potential upside of 5.0% exists for Amgen, based on a current level of $89.74 and analysts' average consensus price target of $94.19. The stock should find initial support at its 50-day moving average (MA) of $85.58 and further support at its 200-day MA of $76.19.

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