Biogen - opportunity to get in at the bottomAfter a recent downward gap, BIIB looks to me to have established a new upward channel. With bullish MACD, great analyst ratings, a history of earnings beats, and the next earnings coming up in mid-July, BIIB should be up in the short-to-medium term. Set fairly tight stops to protect against a downward channel breakout. Here's my Biogen trading plan Monday morning: Limit buy 238.17 Stop Loss: 231 Take profit: 287Longby ChristopherCarrollSmith6
BIIB MACD divergence to upside with double bottomWatched this develop last few days some upside potential maybe left in this one the May 17, 2019 235 calls i looked at this morning at around $0.45 moved up to as high as $0.90 today.Longby AIQ_SystemsUpdated 3
BIIB LongBIIB got oversold due to the unsatisfactory results of their Alzheimer studies . This catalyst gives investors opportunity to buy the equity at a discount from it usual value. In addition, BIIB beats their Q1 2019 earnings ( $6.98 EPS vs expectation of $6.87) and the market does not react positively, creating furthemrore a buying opportunity. If we compare the financial ratios of the peers in the same sector , BIIB is clearly at discount of the sectors average and has a strong upside. Longby Vasyl_U0
BIIB Approaching Resistance, Potential Reversal! BIIB is approaching its resistance where a reversal could occur. Shortby TradeGATEHub16
BIIB Approaching Resistance, Potential Reversal!BIIB is approaching its resistance where a reversal could occur. Shortby TradeGATEHub39
Biogen Inc: Rare Long-Term Buy Opportunity.Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone. Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance again. This pattern may be similar to the one the long term (~10 year) consolidation that took place after the 2000 peak. The price then traded sideways roughly within 17.00 - 71.00, providing a buy opportunity on every major pull back. We believe such an opportunity is presented now. Every dip near the 180 - 205 Support Zone can be bought with 350 - 390 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.Longby InvestingScope117
Biib - Good Pe & strong market- Bottom fishing?Take position 223.05 Stoploss at after 222, Take profit 228 if that breaks, switch to short and ride it to to 205. But PE is really low for a bio stock,fundamentally, it's good value. If we get a rally again in the market and sector(LABU) continue to push. this will probably go sideways. by WallSt007Updated 2
butterfly knife catcherStopped at the .886 PRZ of a bullish bat, but I think it can go lower. The darker green PRZ is where the reversal zone for the butterfly and bat overlap I think it visits it in the next 2 weeks. Take the plunge at 205 or wait until it makes a lower low on a higher daily RSI. Typically a butterfly target is the .382 retrace, but with earnings in a month I'll gladly take a DCB to what looks like heavy resistance at 248.Longby chinawildman3
The Stock Market is a Very Risky PlaceImagine a 63 Billion, that's a B as in Billion Market Cap stock losing 29 % of it's market value, in one single trading day. It happened today to Biogen, the biotec stock darling, when the company withdrew further reasearch on it's highly touted Alzheimer's drug, that was it's main drug in it's reserach and develpoment pipeline. Line Break/ Chart shows the stock plunging thru all chart support in a single day executing on a Head and Shoulder's Pattern that had been building for months. As I have often said, the stock market is a much more risky place than most would even imagine. In Biogen today, big money, and I mean big money, simply did not see this coming. BIIG Last 226.88 THE_UNWIND 3/21/19 Mountains/New York Shortby The_Unwind6611
interested to buy it from that area wont sell to get there , but ready to buy it down there by Tools1
BIIB is approaching support, potential bounce BIIB is approaching support where we might see a corresponding bounce in price to our first resistance. Stochastic is approaching support as well. Longby TradeGATEHub38
BIIB approaching resistance, potential drop! BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 100% fiboancci extension) where a strong drop might occur below this level pushin gprice down to our major support at 310.07 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub36
BIIB is approaching resistance, potential drop! BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where price might drop to our first support at 310.07 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub49
BIIB Approaching Resistance, Potential Drop!BIIB is approaching our first resistance at 358.14 (horizontal swing high resistance, 61.8% fibonacci extension , 78.6% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 310.02 (61.8% fibonacci extension , 61.8% fibonacci retracement ). Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.Shortby TradeGATEHub44