Amgen: fresh buy signal off a double bottom

Amgen receives a fresh buy signal, ranking 3rd among the 5 new Longs for US stocks, with a signal strength of 50 out of 100. The technical base is a double bottom in the 321 area, with a 6% intermediate rebound; the weekly structure is intermediate bullish, with all structural moving averages aligned. The price is approaching recent highs for the first time: outcome still uncertain, cautious entry.