Trading Idea for Biogen Inc. (NYSE)

Trading Idea for Biogen Inc. (NYSE)

Biogen Inc. (NYSE)
#BIIB

The overall trend is bullish. The stock is trading within the 365 and 135 EMA range. The downward truncated wave structure has completed with a breakout of the pivot of wave C2. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading Idea:
Buy upon the breakout of 144.30.

Stop Loss: 141.48
Target Levels: 147.00; 154.40