Looking for the SPY to hit the 278 to 282 area by May 9.
Call: $270 May 7 calls bought on April 4th
Call: $280 May 9 calls bought on April 6th
It has been following this regression line I've displayed quite nicely. Banks are taking us higher this week.
BGNE had a huge gain today of 10.5% after the market turned down towards the end of the day on weak volume. On the other hand, BGNE rocketed on 47% above average volume (20).
Going along with this - During the recent weeks of the market correction, BGNE just barely went under the 21 day EMA and is still continually producing good earnings quarter after quarter....
Saucer on from Oct 10 to Mid January. Heavy volume on January 18 due to an offering.
1.18.18 - BGNE teamed up with CELG, receiving rights to market CELG's drugs in China for the next 10 years. BGNE acquired $750m from the offering which looks positive for new R&D of their drugs.
Further analysis: Failed breakout at the 120 range on weak volume. Choppy...
Price on 1.2.06 was a high of 25.50. Highest close that month was 25.04
Price on 2.1.06 was a high of 25.00. Highest close that month was 23.71
Price on 1.1.18 was a high of 23.12
Cup from June '07 to mid-to-late '15. Increased volume towards the end of the cup, decreased volume on the handle. Handle from May '15 to March '17 until it started to consolidate....
