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Amgen Earnings on Deck: Analyst Warns of Volatility

Guavy AI Editorial Team
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AMGN
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Amgen is set to report its earnings on February 2nd. Chart Master, a popular financial analyst, has been analyzing the company's stock performance in anticipation of the announcement.

The analyst notes that Amgen's (AMGN) price action has been trending upwards, with a significant increase over the past few months. However, the analyst also warns that the stock may be due for a correction, citing potential volatility ahead of the earnings release.

According to Chart Master, the current support level for AMGN is around $240, while resistance is at approximately $260. The analyst advises investors to keep an eye on these levels and be prepared for any potential price movements.

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