Large Cap Biotech Name Nearing Breakout to Highs
Amgen (AMGN) shares of the large cap biotech are curling higher and back inside the monthly value area closing strong on Thursday in a sloppy market. AMGN is seeing a bullish MACD cross confirm upside momentum reigniting and likely moves to the 316 top of value next with a potential larger breakout looming back up to the prior highs near 325. This week the stock has seen buyers of 500 Jan $325 calls and the August $325 calls bought 800x while recent large buyers of 1000 July $280 calls at $27.25 still holding in OI.