This Is One Way To Take Advantage Of News
Following a negative
comment from Bear Stearns on Amgen’s (AMGN) earnings, the stock gapped down at
the open. This news provided us two short selling opportunities.
09:54:00
(From TradingMarkets TradersWire)
Amgen (AMGN) has gapped down and is testing the prior high set on
July 30. AMGN is trading slightly below its 20-day MA at 58.28, down 0.78.
12:15:09
Amgen (AMGN) is forming a bear flag below the declining 20-period MA on
the 5-minute chart. AMGN is down 1.35 at 57.71.
Remember, you don’t have to analyze the news.
Just wait and see the development of chart patterns.
If you have questions, feel free to mail them to me.
Â