$AMGN bouncing off MT support (4/5)

Conviction: 4/5
there may be near-term pullback for better entry at support


General Thesis

• bounce from medium-term resistance (2017)
  
• although a bit of indecision around resistance line
  
• Weekly RSI showing good bounce near historical support
  

Growth

• Margins high but declined in 2021
  
• growth is low but around 50th percentile compared to self
  

Value

• P/FCF is high: about 80th percentile
  
• P/S is below average: about 35th percentile
  

Fundamentals/Balance Sheet

• debt/asset ratio good: below 1
  
• quick ratio good: above 1
  

Potential Risks

• expensive market...