NEW YORK (TheStreet) -- Investors who own shares in one of the four widely held health care companies profiled here may want to consider the technical patterns of the stocks to help determine how to trade the shares to take advantage of their volatility.
The four stocks -- Amgen (AMGN), Gilead Sciences (GILD), Johnson & Johnson (JNJ) and Pfizer (PFE) -- are part of the Health Care Select Sector SPDR Fund (XLV) , which has gained 7.4% year to date, the best year-to-date performance among the 10 popular sectors.
The performances of large pharmaceutical and biotech-related companies can be quite different based upon news pending on potential blockbuster drugs in their pipelines. The following weekly charts and technical profiles may help investors manage the individual share-price volatility.
Here's the weekly chart for Amgen.
Courtesy of MetaStock Xenith
Amgen closed at $154.80 on Tuesday, down 2.8% year to date and 12% below its all-time intraday high of $173.60 set on April 22. The stock is below its 50-day and 200-day simple moving averages of $161.04 and $155.32, respectively. The weekly chart is negative with the stock below its key weekly moving average of $159.19.
Investors looking to buy Amgen should place a good-till-canceled limit order to purchase the stock if it drops to $109.19, which is a key level on technical charts until the end of 2015.