The market continues to show signs of rotating away from many of the former AI leaders, with recent rallies in those names being met by consistent selling pressure while capital searches for leadership elsewhere. One area absorbing that flow has been the pharmaceutical sector, where several charts are beginning to strengthen after lengthy consolidation periods. One of the most compelling setups today is Amgen, Inc. (AMGN), which has spent the last several months building a solid base after a powerful advance into early 2026 before recently turning higher again. That improving price structure became even more noteworthy in mid-June when AMGN’s 21-Day EMA crossed above its 63-Day EMA, triggering a Profit Surge Buy signal—a technical confirmation that, when paired with the stock’s emerging breakout, puts it firmly on today’s radar.

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For traders looking to participate without taking on excessive risk, there are several ways to approach this setup. Purchasing shares offers straightforward bullish exposure, while an in-the-money call debit spread can provide participation in additional upside with a clearly defined maximum risk, making the position easier to manage if conditions change. At current pricing, one available spread offers a hypothetical maximum return of 62.9% if AMGN is higher, unchanged, or even lower by as much as 9.0% at expiration, illustrating how a properly structured options strategy can create a favorable risk-versus-reward profile without requiring a large move in the stock.

Most traders don’t struggle because they lack opportunity—they struggle because they’re spending too much time searching for it. Every weekend, I narrow thousands of charts down to the single trade setup I believe offers the best combination of technical strength and favorable risk, then deliver a detailed video, complete chart analysis, and the exact strategy I’d consider using inside my Weekly Profit Opportunity Newsletter. If you’d like to spend less time searching and more time focusing on high-quality trade ideas, you can start your first month today for just $1.

Wishing You the Best in Investing Success,

Blane Markham

Chief Trading Strategist

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