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AMGN Forms Bullish Engulfing at Broken Resistance

The intraday bullish engulfing scan was quite full around 12PM ET with over 200 stocks making the cut. Among them, Amgen (AMGN) formed a bullish engulfing near the mid October low and 38.2% retracement. The channel is still falling here with the upper trend line marking resistance at 87.

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