Amgen: buy signal at week 2, confirmation week closed bearish

Amgen is at week 2 of a buy signal, but the confirmation week closed bearish. The signal started with weak conviction — strength at 33 out of 100 — and the confirmation did not reinforce it: the system has issued an early-exit caution flag. The Health Care sector is showing strength this week, but Amgen ranks 125th among the 135 open buy positions for US stocks.