NASDAQ:BLUE has dropped significantly from its $150 highs to its current price level around $1. I think BLUE is forming a dead cat bounce in the green support zone, and I can see a short-term swing up to the yellow trendline. The price has already rebounded quite a bit, I would look for an entry around the green support zone between $0.87 and $1.02. I can see...
BLUE is currently trading above its 50-day and 200-day simple moving averages (SMA), indicating a bullish trend. However, the 50-day SMA is below the 200-day SMA, forming a death cross pattern, which is a bearish signal.
The 20-day exponential moving average (EMA) is also above the current price, acting as a resistance level. A break above the 20-day EMA could...
With 3.42B Market Cap Bluebird Bio after four years again on good level to Buy, Profit Target Primary 70-80 and secondary is 100-140.
You can take this stock from short term to long term.
The Stock stay very bullish, the volume increased strongly.
However the $72 level approaches. And it could be a good point of profit taking. Some corretions may come.
If break-out of the $72, then the $80 can be a good arrival point.
keep in touch!
Another pharma company - with amazing correct Elliot 5 waves which you can try to ride.
1. Buy 131.32
2. Take profit: 213
3. SL: 115.90
RISK/REWARD: 5.38, potential profit 62.39%
