On Wednesday morning, the markets wavered, with cautious trading across the board, except for the Dow, which outpaced the S&P 500 and Nasdaq. Looking for stocks showing strength amid the uncertainty, I turned to the Market Movers tool on my Dashboard. What I found caught my attention. FIGURE 1. MARKET MOVERS TOOL. AMGN, third from bottom, caught my attention, as the sector has been showing up on quite a few bullish StockCharts scans.Image source: StockCharts.com. For educational purposes. The Health Care sector has been showing up on various scans over the past week, and Amgen, Inc. (AMGN) has been on my radar for quite some time due to several developments that I’ve been following. To begin, I needed to get a wider perspective, so I switched to MarketCarpets and zoomed-in on the one-day performance of the Health Care sector. FIGURE 2. MARKETCARPETS FOR THE HEALTHCARE SECTOR. Notice AMGN at the…
