Week 9, gain trimmed to 2.95%
Biogen sheds 7.9% this week but finds support on a clean double bottom near 189
Week 9, gain trimmed to 2.95%
Our view last week
Biogen is in week 8 of a buy signal, and the trade is running at +11.72% since entry. The model's 3 statistical references have already been hit, but the management roadmap continues through week 10. The stop has moved to breakeven: risk is zeroed out, and the next trim window already arrives at week ten.
This week's summary
Biogen shares, weekly technical analysis: the stock shed 7.9% this week but carved a clean double bottom in the 189 area, rebounding 10% off the lows. The trade's gain has slipped from 11.72% last week to 2.95% now: the buy signal is in its ninth week and the stop still sits at breakeven, risk zeroed out while the technical picture catches its breath.
IQS Phase
59
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#57 / 129
US stocks in progress
Trade P&L %
+2.95%
from signal to today
restricted Platinum content