Is Amgen (AMGN) getting a CPR right now?

 

AMGN drops from $246 to $219 in a matter of two weeks.

However, we spotted the reversal a few days back and went long in AMGN.

It looks like AMGN is getting CPR and most likely headed towards the $235 range.

Do you think it will reach $234-235 this week?

Let us know your opinion.

Meanwhile, take our one-week trial of Swing Options Service and give your portfolio the CPR it needs.