The Traderszone Network

Published in TZ Latest News 16 April, 2015 by The TZ Newswire Staff

Biogen Tests 10-Week Line As It Seeks Support

Biogen (BIIB) has pulled back to its 10-week moving average for the second time since breaking out of a base in early December. Generally, the first two pullbacks to the key support line after breaking out of a base are good points to add shares to an existing position because the likelihood is that the stock will move higher. In this case, the pullback has been unusually volatile.

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