Is AMGN stock a buy after hitting an annual high?

It can fit a balanced portfolio if you accept pipeline and leverage risks. Valuation is 26.5x TTM earnings with strong margins and a 2.55% yield. Use staged entries, add on dips toward the 50-day average, and reassess on earnings and MariTide updates. Diversify to manage single-name risk.

What key price levels should traders watch on AMGN stock?

Near-term support sits around the Bollinger middle band at $373.98 and the 50-day average near $349. Resistance is $381.74, then the $391.29 annual high, and the upper band near $395.49. RSI near 57 is constructive; ATR at 9.23 suggests using wider stops and smaller position sizes.

How does MariTide Phase 3 impact AMGN stock?

MariTide Phase 3 is a major swing factor. Positive efficacy and safety versus leading GLP-1 drugs could expand revenue visibility and support multiple expansion. Any delays, safety concerns, or weaker-than-expected outcomes may pressure sentiment. Watch management timelines, enrollment progress, and manufacturing scale-up commentary in upcoming updates.

What should Indian investors consider before buying AMGN stock?

Plan for USD exposure, remittance limits under LRS, and total costs. INR returns will differ from USD returns due to currency moves. Taxation falls under capital gains and varies by holding period and slab. Use a diversified allocation and avoid oversizing a single global healthcare position.

Global Market Insights

AMGN Stock Today: Nasdaq 100 Rally Lifts Shares to Annual High – March 4

ByDanny Kontos March 4, 2026

AMGN stock surged to a new annual high within a broader Nasdaq 100 rally, drawing fresh interest from Indian investors seeking healthcare exposure. AMGN last traded near $377, below the $391.29 year high, after a strong quarter and upbeat analyst revisions. Sentiment also benefits from progress on the MariTide Phase 3 obesity program and a new $4 billion long-dated bond issue to fund growth. We break down price levels, fundamentals, catalysts, and India-specific considerations to help you decide your next step.