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Actionable news in AMGN: Amgen Inc.,

Amgen Is Looking Vulnerable to a Deep Selloff

Shares of Amgen (AMGN) where under heavy pressure as last week came to a close. The stock's 1.75% drop on Friday drove it to fresh June lows as downside trade soared. This was quite an ugly reversal from the open that day and has put the stock in a vulnerable position.

If Amgen is unable to hold key support near its April and May lows, the steep slide from the June peak could gain a second wind.

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