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4BIIB trade ideas

Channel + support + doji + double bottom + 11:1 RRBIIB is in a channel and is in a buy low, sell high situation The RR on this trade is 11:1: Trigger: 272.98 Stop: 267.86 Target: 329.36 Plan: Not sure if this trade will trigger because it is at a strong support and has formed a possible double bottom drawn in blue. I will leave this trade open for the rest of the week. If triggered I will set and forget stop and target triggers The lowest low of the channel is 268 and my stop is below that for a conservative play.
NASDAQ:BIIBLong
by the_get_man
BIIB is setting up and there are a few ways to play itBIIB is setting up in what can be viewed as either a 3 weeks tight pattern AND/OR a pennant on both the daily and weekly charts. This pattern is coming right after breaking out of a 4 month long double bottom and is forming on very low volume. This pattern is constructive particularly after this breakout because this breakout came straight off the bottom starting on 11/4. Between 11/4 and 11/9, BIIB rallied over 20%. The fact that it is digesting those gains on very low volume and low price volatility is a sign that shareholders are not eager to take profits just yet. At this point I am looking for a breakout above 325.30 to trigger a long entry. If triggered, my stop will be below support at 313.31
NASDAQ:BIIB
by MichaelGLamothe
Forgot why I thought this is a Long"Biogen Inc. said its investigational therapy for the early stage of Alzheimer’s disease was granted fast-track designation by the U.S. Food and Drug Administration, a designation intended to bring promising drugs for serious conditions to market faster." www.marketwatch.com this news with a positive earnings may see that the stock continues to move higher this quarter. If the near term resistance line is not overcome a short position may be entered, but the reversal in the CMF on positive news may prove to support a higher move.
NASDAQ:BIIB
by LuckyDinAZ