AMGN double bottom and MACD divergence Part II
Jun 06, 2019AMGN had a small daily double bottom and MACD divergence but with the weekly chart still strong down this would be a short term trade. MACD seems to indicate price should be about $172, so bought some Jun 14th expiration 172.5 calls for 1.58.
June 3rd, AMGN went stellar right out of the gate met some resistance at $174 so we cashed in the calls at $4.25 that's more than doubled my money. Further out of the money options would have yielded even greater returns.