BIOGEN INC
(BGEN-Nasdaq):
Technical Viewpoint: From a low
of $50.25 on Jan 8, 2001 prices
rallied, reaching a
high of $69.56
on Jan 23, 2001. A
decline saw prices pull back, reaching a
low of
$61.50 on Feb 5, 2001.
Another rally saw prices penetrate
resistance, closing 2/9/01
at $71.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 19, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $69.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 6, 2001. A P&F upside
reversal takes place at $68.00. Summary: Technical indicators have turned bullish. BUY! BIOGEN INC
(BGEN-Nasdaq) @ $71.38 Stop: Use a protective stop of $68.62.
BIOGEN INC is currently trading @ $71.12 plus $3.12 on Feb 9, 2001. Price Objective:
$84.00. Risk/Reward: $2.75 VS. $12.62. Today's Risk Reward Ratio: 4:1
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