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Feb 7, 2019 9:11 AM

BIIB is approaching resistance, potential drop!  Short

Biogen Inc.NASDAQ

Description

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.
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