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Biogen Inc Shs Cert Deposito Arg Repr 1/13 ShBiogen Inc Shs Cert Deposito Arg Repr 1/13 ShBiogen Inc Shs Cert Deposito Arg Repr 1/13 Sh

Biogen Inc Shs Cert Deposito Arg Repr 1/13 Sh

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BIIBD trade ideas

The Stock Market is a Very Risky PlaceImagine a 63 Billion, that's a B as in Billion Market Cap stock losing 29 % of it's market value, in one single trading day. It happened today to Biogen, the biotec stock darling, when the company withdrew further reasearch on it's highly touted Alzheimer's drug, that was it's main drug in it's reserach and develpoment pipeline. Line Break/ Chart shows the stock plunging thru all chart support in a single day executing on a Head and Shoulder's Pattern that had been building for months. As I have often said, the stock market is a much more risky place than most would even imagine. In Biogen today, big money, and I mean big money, simply did not see this coming. BIIG Last 226.88 THE_UNWIND 3/21/19 Mountains/New York
NASDAQ:BIIBShort
by The_Unwind
6
Biogen Earnings Swing July 2018Biogen's (344.10 at close at the date of this writing) and Eisai's recent success with BAN24O1, an experimental medication for Alzheimer's which is currently in mid-stage clinical trials, in addition to a recent price target raise by Citi, and overall bullish analyst sentiment led to a rally between July 6-9, 2018. Although the clinical trial's success was certainly reason for bullish sentiment, it ran too far too fast and indicators pointed towards to a sell off. I thus opened put options on July 9, expiring July 13 2018 (currently in the money). We are now only about two weeks away from Biogen's earning report. After studying historical data and charts, I've found that there is often a sell off prior to earnings OR there is a run up then a slight sell off right before the earnings date. I've annotated the chart with periods that indicate this. In this case, I believe downward momentum will continue followed by a slight rally pre-earnings then a sell off. Opening JUL20 puts may be a smart move at this time. In the long term, Biogen -0.21% is very scalable and overall is very promising. I agree with Citi's PT of 371. www.wsj.com
NASDAQ:BIIBShort
by UnknownUnicorn2997486
BIOGEN / BIOTECHNOGY STOCKS.. READY FOR A BULL MARKET BLASTOFF !If one is looking for reasons why this supposed aging bull market cannot go on, and continue much, much longer than the conventional wisdom would portend, then I am suggesting that you look immediately at the new found, and potentially strongest industry group to lead the next phase of the bull market, THE BIOTECHNOLOGY STOCKS ! On 7/6/18, BIOGEN Gained almost 20 %, for a large cap stock that was quite an exceptional move, confirmed by VOLUME as large money flowed into the stock on successful phase 1 test results on a drug to treat Alzheimer's Disease ! On a 4 Hour Chart, BIOGEN has been building a very Bullish Cup Pattern, since the Low at 249.17 on 4/24/18 The 2018 High of 370.24 on 1/26/18 is now easily within reach, and on a measured BREAKOUT move above resistance,the stock would project to 491.31 ! Bottom Line : Biotechnology Stocks, lead by BIOGEN appear ready for a NEW BULL MARKET BLASTOFF ! THE_UNWIND
NASDAQ:BIIBLong
by The_Unwind