BIOGEN IDEC INC
Move cursor over the icon to see details.
|It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB dropped -11.14 points, or -3.26%, and closed at 330.94 on Friday, October 12, 2018. Weekly volume was -30% below average. |
BIIB is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See BIIB long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 223.02 and reached 388.67 on July 25, 2018. BIIB gained -165.65 points, or -74.28%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 270.76 and resistance is at 376.31. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See BIIB medium-term trend chart]
A medium-term downtrend had started on July 25, 2018 at 388.67 and reached 324.46 on October 11, 2018. BIIB lost 64.21 points, or 16.52%, in 11 weeks. The price is now at the 10.09% retracement level.
Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See BIIB short-term trend chart]
A short-term downtrend had started on October 1, 2018 at 358.41 and reached 324.46 on October 11, 2018. BIIB lost 33.95 points, or 9.47%, in 10 days. The price is now at the 19.09% retracement level.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 4, 2018. This is an indication that the short-term trend is down.