This stock is very very close to a buy point. Check out Regeneron (REGN) (May 12, 2015)
Look, Regeneron ( NASDAQ:REGN ), drifting right along the 50-day moving average, this is pretty solid, it’s almost there. We can look at support right here, resistance right down here, so this is just popping out. What I would suggest doing on this is first of all take stock of it; up, sideways, up, sideways, up sideways, this is a symmetrical triangle, higher lows, lower highs, coming to an apex you want to look for a breakout here as a continuation move.
So I would do this: look at this last high of 488.00, I would really want to see it above 490.00. I would set an alert right at 490.00 and if it hits that, if it hits 490.00 then you’re going to get an alert, whether it’s Yahoo Finance, your brokerage, or your trading platform, whatever. Members you’ll get it here from us with this part of the video; then you come back and look at this stock and as long as it’s moving higher on good volume then you go ahead and buy this stock and I think you’re in good, just in time for a perpetuation of this nice uptrend.
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