AMGN
Amgen Inc. Healthcare - Biotechnology Investor Relations →
Amgen Inc. (AMGN) closed at $384.32 as of 2026-02-02, trading 45.4% above its 200-week moving average of $264.40. The stock moved further from the line this week, up from 29.7% last week. With a 14-week RSI of 77, AMGN is in overbought territory.
Over the past 2177 weeks of data, AMGN has crossed below its 200-week moving average 22 times. On average, these episodes lasted 16 weeks. Historically, investors who bought AMGN at the start of these episodes saw an average one-year return of +20.2%.
With a market cap of $207.1 billion, AMGN is a large-cap stock. The company generates a free cash flow yield of 3.7%. Return on equity stands at 106.1%, indicating strong profitability. The stock trades at 23.9x book value.
Over the past 33.2 years, a hypothetical investment of $100 in AMGN would have grown to $7281, compared to $2849 for the S&P 500. That represents an annualized return of 13.8% vs 10.6% for the index — confirming AMGN as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 7.4% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: AMGN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After AMGN Crosses Below the Line?
Across 21 historical episodes, buying AMGN when it crossed below its 200-week moving average produced an average return of +20.4% after 12 months (median +9.0%), compared to +10.1% for the S&P 500 over the same periods. 71% of those episodes were profitable after one year. After 24 months, the average return was +47.0% vs +22.8% for the index.
Each line shows $100 invested at the moment AMGN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
AMGN has crossed below its 200-week MA 22 times with an average 1-year return of +20.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1984 | Apr 1985 | 49 | 42.7% | +35.6% | +481420.4% |
| Mar 1993 | Apr 1993 | 6 | 9.0% | +21.8% | +13476.8% |
| May 1993 | Oct 1993 | 20 | 19.9% | +29.8% | +12616.3% |
| Jan 1994 | May 1994 | 15 | 18.7% | +50.1% | +10680.4% |
| Jun 1994 | Jul 1994 | 7 | 9.2% | +56.3% | +9821.5% |
| Apr 2002 | Mar 2003 | 44 | 33.9% | +29.7% | +1056.3% |
| Nov 2003 | Dec 2003 | 4 | 3.1% | +3.0% | +868.7% |
| Mar 2004 | Aug 2004 | 21 | 9.0% | +1.5% | +871.4% |
| Sep 2004 | Nov 2004 | 8 | 8.8% | +47.5% | +884.8% |
| Mar 2005 | Apr 2005 | 1 | 0.3% | +26.9% | +883.9% |
| Feb 2007 | Jul 2008 | 74 | 36.9% | -26.3% | +813.8% |
| Sep 2008 | Jul 2009 | 46 | 25.4% | -2.4% | +834.1% |
| Aug 2009 | Sep 2009 | 3 | 1.5% | -12.6% | +846.6% |
| Sep 2009 | Oct 2009 | 1 | 0.9% | -5.2% | +863.3% |
| Oct 2009 | Jan 2010 | 14 | 8.6% | +2.5% | +904.6% |
| Feb 2010 | Mar 2010 | 3 | 1.6% | -4.9% | +899.1% |
| May 2010 | Sep 2010 | 20 | 8.6% | +5.8% | +936.1% |
| Nov 2010 | Dec 2010 | 5 | 1.8% | +6.8% | +936.0% |
| Feb 2011 | Apr 2011 | 11 | 3.4% | +26.6% | +950.0% |
| Aug 2011 | Aug 2011 | 3 | 7.6% | +61.0% | +982.7% |
| May 2023 | Jun 2023 | 3 | 1.5% | +45.4% | +91.5% |
| Jul 2023 | Jul 2023 | 1 | 1.3% | +46.6% | +90.0% |
| Average | 16 | — | +20.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02