US Nasdaq stock alert

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CLOSING UPDATE: Amgen decreased further 0.3% on robust volume 26 July 2017 17:59 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Amgen, NASDAQ's largest medical/biomedical company by market capitalisation, traded on heavy volume of 1.5 times average today while the price dropped $US5.0 (or 2.8%) to trade at $US175.89. Compared with the NASDAQ-100 Index which rose 20.1 points (or 0.3%) in the day, this represented a relative price change of -3.1%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 1.8% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Sales of 5.6 [4.9]

+ Return on Capital Employed 13.8% [15.5%]

Note

The stock has outperformed 69% of the NASDAQ market over the past 6 months.

Bullish Signals:

The positive 3.21 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.5% discount to 12-month high of $US184.21 against the 32.5% premium to 12-month low of $US132.74 suggests the stock continues to push for new highs.

The company is cash rich with Cash to Market Capitalisation at 26.9%.

Tobin's Q Ratio is 1.7. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 30.4% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity is high at 25.8%. Also, this has improved from 24.7% last year.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 2.4% [0.8%]

Return on Equity 25.8% [6.2%]

Return on Assets 9.9% [2.9%]

TODAY'S ALERTS

Afternoon Alert: Amgen drops 2.4% on high volume

26 July 2017 13:30 EDT

Amgen Inc. (NASDAQ:AMGN) traded on heavy volume of 1.9 times average so far today while the price dropped $US4.43 (or 2.4%) to trade at $US176.46.

Morning Alert: Amgen drops 2.2% on high volume

26 July 2017 11:07 EDT

Amgen Inc. (NASDAQ:AMGN) traded on heavy volume of 2.2 times average so far today while the price dropped $US4.04 (or 2.2%) to trade at $US176.85.

RECENT ALERTS

Morning Alert: Amgen in 9th consecutive rise, nears six-month high

25 July 2017 11:09 EDT

Amgen Inc. (NASDAQ:AMGN) extended its gains Tuesday, rising an additional 59.0c (or 0.3%) to trade at $US181.65. The stock increased 0.5% on Friday and 0.47% on Monday bringing its 9-day rise to 4.8%. It is now approaching its 130-day high of $US182.60.

Morning Alert: Amgen decreases 0.6%, leads Medical/Biomedical sector lower

24 July 2017 11:01 EDT

Amgen Inc. (NASDAQ:AMGN) has decreased 0.6% to trade at $US179.10 vs. the Medical/Biomedical sector which weakened 15.2 points (or 0.3%) to 5,215.6. Representing a weighting of about 17.8% of the sector, the stock accounted for 37.8% of today's loss. Trading volume was 76% of average so far today.

Amgen Inc. (O:AMGN)

ISIN: US0311621009

PermID: 4295905537

CIK: 318154

CUSIP: 031162100

Source: www.BuySellSignals.com