Trade Idea – Amgen

On 12 November 2016 Amgen position (previous post) has been stopped out at USD 146.09. The realized profit is 4.65% before any taxes and fees.

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Trade Idea – Amgen

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3-year share price development of Amgen (USD)

 

On 2 November 2016 long position opened in Amgen at USD 139.6. Main underlying characteristics of the investment decision:

  • recent share price drop pushed the stock price into oversold territory, but majority of the brokerage firms has buy or hold recommendation
  • key global leading biotech player
  • as an important result of its ongoing restructuring plan, in the future increase in margin is expected