Celgene helped by the company's buyback has turned positive after a complicated year. Despite this in terms of foundamentals two drugs are on the way to be developped but such developments will be revealed in the next year so patient is a must for those who wants to invest of something concreate. On a technical point of view yesterday price faild to cross MA 200....
Weekly chart: we have the downtrend channel clearly defined on a weekly basis. On a monthly basis we have already had a minimum of swing with a dragon fly bullish, on a daily chart some signs of an incoming uptrend as described in the latest posts...but tomorrow...tomorrow is where we play the game with the last resistence in place at 86.72 dollars. Once we get...
Today and yesterday have the same exact high at 86.15, which makes that a tweezer top . CELG has made a nice recovery from the sell-off and looks to be holding the 100 day SMA on daily.
If triggered in, I will look to close out before earnings on July 26 next week.
Celg is under the radar because after an insane downtrend, calm and a bit of optimism is getting back. Price is consolidating in a narrow range and on friday we have seen a first endeavour to break the flag with no success. This has happend because MA 50 has acted like a resistence.
If the price breaks the wall of 80/80.50 with momentum I expect a new buy long...
Celgene is one of my top picks in the biotech sector, it is fundamentally strong, and the chart is providing a great potential breakout picture.
I have entered half of my position around 127.50$ and looking to add around 123$ with a hard stop below 116$ below 115$ there is a chance that we get back to 100$ though i am not expecting this scenario right now. Targets...
Hello Traders,
Yesterday celgene got news after hour. check for it
MACD cross bullish
2 resistance need to break for new 52 week hihs
124.16 and 125.38
than we will see new 52 week highs
on Friday celgene wil traded on s&p
