NASDAQ:REGN   REGENERON PHARMACEUTICALS INC
What I see...
+ Ultra high volume to a strong closing day
+ Prices pulled back to find support from the 50ma and today returned to close above the 10ma
+ Prices stop short of the Fib.
+ RSI has just turned upward at 57

- MACD is below the signal line
- Upper shadow
- Resistance at all time high

What I setup...
+ Long entry when break above the Resistance
- Stop under today's low
+ Target is at 1.618 Fib
:: Duration - ~4 weeks maybe?

** Likes and Comments are appreciated; New Subscribers are Insightful! **
Trade active: Setup triggered; Long entry.

Comments

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