REGN: CHANGE IN TRENDIt seems the stock is changing the trend and may have bottomed out.
Please ignore my previous post as targets were not correct.
4REGN trade ideas
REGN- possible change in the trend.It seems the stock is changing the trend and may have bottomed out.
$REGN 1 Year Trend looks to break out Bullish - #REGN chart$REGN 1 year trend line breakout likely.
ER run price action lowers to ER.
Sales figures are on "cusp of heating up". cheaper drugs for cholestorel.
Opportunity in great pharma valueCorrection looks done. Wait for smaller correction of last break out impulse and buy with both hands.
Ready for the next leg up. Indicators are here. -Longterm downtrend broken
-Bottom found
-Bull flag formation followed by breakout
-Breakout from overarching ascending wedge.
..... BULL SZN!
www.tradingview.com
here's the monthly look, the next leg is coming folks.
REGN - time to run?REGN broke out on daily w/ greater than avg. vol on Fri. Looking for a continuation this week. I'd like to see a close above 309.92 which could lead to a push towards 322.08, 327, 339
REGN : Channel Downif stock breaks up the channel , it might go up to $365.07 , the opposite is true as well if Stock keeps going below $320 we might go up to $313.18
REGN Profit takingBiotech Basket
I have reevaluated my REGN holdings, and have placed stop limits to both take profits, and a more protective conservative stop to close out my position entirely. My last stop has been hit (today) and now I am aggressively placing 35% of my position in a Stop at the 50% retracement level. A second stop limit is at the 38% retracement. The final portion is marked as position close.
The current level appears to be very destructive, Its very possible we have just finished markup and we are in the beginning of a distribution phase. If this is the case, the downtrend will be long and very destructive to share price. Its time to be prepared to take profits!
Falling Wedge-Become a VIP member & see more set ups.Look for breakout for a bullish move higher. If you like to see more of the chart set ups sign up for a free trial for a VIP membership @classicoptions
REGN - Target 330.23, stop 383.13 January $330 Puts $4.45.Target 330.23, stop 383.13 January $330 Puts $4.45.
