Regeneron Pharmaceuticals, Inc.
Long
Updated

REGN reversal play

56
REGN shows evidence of a price recovery underway as illustrated by momentum indicators and volumn oscillator on the daily. This is further backed up by encouraging signals on both lower and highe timeframes.
Trade active
Quarterly result dissappointed esp with Eyleas facing biosimilar competition. However the company has growth prospects elsewhere and price quickly recovered. I had considered exiting at a loss but momentum indiicator was not bearish and fortunately it paid off

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