1REGN trade ideas
$REGN 50d/200d Golden Cross$REGN Regeneron Pharma - 50d/200d ema Golden Cross on the daily chart last week after a solid earnings report in early August. Assuming bullish trend line holds, expecting continued gains over the next couple months.
Near term target - $391 (gap fill)
Medium term target - $420
REGN- Slowly Bleeding to Death.....CURE TO COMETaking a quick look at the chart and analyzing volume, one can easily see the turnaround is soon to come. Look for a consistent price turnaround in the month of July (2018). The confirmed turnaround should occur early-mid August (2018). What do I know right???
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!