#BIIB #Long #stock #roundedbottom

BIIB looks to be setting up a rounded bottom. I set a stop at the $310 mark because the is where it gapped down and made several failed attempts to recapture the up side. It finally did so with a powerful move at the end of august. I think this stock is going to get carried away with many of the other BIOTECH stocks. If you have looked at the XBI and the IBB recently you would have noticed the charts look good.

MACD poking up, OBV poking up, stoch RSI setting up for an up run. again series of higher highs and higher lows recently.

MACD looking up, obv ok, stoch RSI ok, on the monthly the stock has started to make a series of higher highs and higher lows
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