Regeneron turns the page: a fresh Buy signal
Regeneron gains 1.6% as the exhausted Sell signal gives way to a fresh Buy
Regeneron turns the page: a fresh Buy signal
Our view last week
Tenth week of a sell signal on Regeneron, and the technical picture is turning a page: the week just closed gained 3.4%, the fourth straight advance, with buying volume up to 98% and momentum improving sharply. The price is now working in a tight band between the first resistance and the first support, both in the 655 area.
This week's summary
Regeneron turns the page: the Sell signal that had run for ten weeks is spent, and this week a fresh Buy signal kicks in. The move comes from a clean double bottom in the 593 area, with an 8% rebound, though buyers lost some edge on the last bar. Third among the six new US Longs, medium conviction and a steady profile: a solid picture still waiting on next week's confirmation.
IQS Phase
37
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#3 / 6
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content