Biogen Idec (BIIB) Initiated Coverage Alert, Watch for 23.2% Technical Uptrend Continuation
Tuesday, March 9, 2010 - 10:50
Written on Tue, 03/09/2010 - 10:50am
By Chip Brian

Biogen Idec (NASDAQ:BIIB) initiated as Buy at Soleil. The stock closed yesterday at $57.21 on volume of 1,526,500 shares, below average daily volume of 3,279,368.
Biogen Idec is currently above its 50-day moving average of $54.25 and above its 200-day moving average of $49.94.
SmarTrend is bullish on shares of BIIB and our subscribers received an Uptrend alert on November 12, 2009 at $46.45, which has returned 23.2% to date.

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