7 Stocks Rising on Huge Volume
Amgen
Amgen (AMGN) is an independent biotechnology medicines company and the world's largest biotechnology company. Amgen discovers, develops, manufactures and markets medicines for grievous illnesses. The stock is trading up 1% at $58.94 in recent trading.
Today's Volume: 13.6 million shares
Average Volume: 7.2 million shares. Volume % Change: 344% Shares of AMGN moving up today after the company said it plans to buy back around 83.3 million shares at $60 per share in a modified Dutch auction, amounting to around 9.5% of its outstanding stock. From a technical standpoint, AMGN is now quickly approaching a major breakout if it can manage to sustain a high-volume move and close above some past overhead resistance at $58.76. If we see that action soon, then look for AMGN to re-test its May high of $60.90 in the coming days or weeks. The volume today is well above its average action, so look for that close above $58.76. Amgen is also one of the top-yielding drug stocks.Select the service that is right for you!
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