Issued: 11/10/2014
Biogen, BIIB:
1. As noted in recent live meetings continued daily closes above $317 in Biogen are the stronger position and indicate a test/attempt at $331 (or higher) during the week of Nov. 10.
2. Therefore, for aggressive traders Biogen is a ‘Buy’ at current prices (current price $325.35). Ordinary traders can enter long upon a daily close above $25.10.
3. Partial long position exit should be taken at/near $328, another portion at/near $331. Any remaining long position be held for the possibility of higher prices to be messaged in a subsequent update.
4. Protective sell stops should be placed below $317. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 11/11/2014
Biogen, BIIB:
1. Our previous Mon., Nov. 10 report indicated Biogen as a ‘Buy‘ at the then current price of $325.35, or higher. The main upside target was at/near $331.00 (or higher) due during this week, the week of Nov. 10.
2. Initial long position exits were instructed to be taken at/near $328.00 Today’s (Tues., Nov. 11) session completed the $328.00 upside target (today’s session high, $329.88, so far). Further long position exit should be taken at/near the $331.00 upside target noted in the original update.
3. Our protective sell stop has been raised to $324.00. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 11/11/2014
Biogen, BIIB:
1. Our previous Mon., Nov. 10 report indicated Biogen as a ‘Buy‘ at the then current price of $325.35, or higher. The main upside target was at/near $331.00 (or higher) due during this week, the week of Nov. 10.
2. Initial long position exits were taken at $328.00 today and remaining long positions were exited at/near the $331.00 final upside target noted in the original update (today’s session high, $330.37).
3. For those who did not exit at/near $331.00 in today’s session, the protective stop was hit at $324.00, resulting in a likely overall gain on the entire position. Will message any further entry or indication.
David Williams