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Biogen Inc Bullish Moving Average Crossover Alert (BIIB)

By Shiri Gupta

Biogen Inc (NASDAQ:BIIB) shares have crossed bullishly above their 10-day moving average of $233.59 on a volume of 190K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Biogen Inc has traded in a range of $216.12 to $358.41 and is now at $235.14, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Biogen Inc on February 7th, 2019 by issuing a Downtrend alert when the shares were trading at $316.10. Since that call, shares of Biogen Inc have fallen 26.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses biogen inc

Ticker(s): BIIB