How the price action of Regeneron Pharmaceuticals (REGN) is used to our Advantage
February 10, 2023, 13:00 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for REGN
- Buy REGN slightly over 720.69 target 790.02 stop loss @ 718.61 Details
The technical summary data tells us to buy REGN near 720.69 with an upside target of 790.02. This data also tells us to set a stop loss @ 718.61 to protect against excessive loss in case the stock begins to move against the trade. 720.69 is the first level of support below 749.51 , and by rule, any test of support is a buy signal. In this case, support 720.69 is being tested, a buy signal would exist.
- Short REGN slightly under 790.02, target 720.69, stop loss @ 792.3 Details
The technical summary data is suggesting a short of REGN as it gets near 790.02 with a downside target of 720.69. We should have a stop loss in place at 792.3though. 790.02 is the first level of resistance above 749.51, and by rule, any test of resistance is a short signal. In this case, if resistance 790.02 is being tested, a short signal would exist.
Swing Trading Plans for REGN
- Buy REGN slightly over 756.54, target 789.36, Stop Loss @ 754.36 Details
If 756.54 begins to break higher, the technical summary data tells us to buy REGN just slightly over 756.54, with an upside target of 789.36. The data also tells us to set a stop loss @ 754.36 in case the stock turns against the trade. 756.54 is the first level of resistance above 749.51, and by rule, any break above resistance is a buy signal. In this case, 756.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short REGN slightly near 756.54, target 720.69, Stop Loss @ 758.72. Details
The technical summary data is suggesting a short of REGN if it tests 756.54 with a downside target of 720.69. We should have a stop loss in place at 758.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 756.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for REGN
- Buy REGN slightly over 754.45, target 756.54, Stop Loss @ 752.69 Details
If 754.45 begins to break higher, the technical summary data tells us to buy REGN just slightly over 754.45, with an upside target of 756.54. The data also tells us to set a stop loss @ 752.69 in case the stock turns against the trade. 754.45 is the first level of resistance above 749.51, and by rule, any break above resistance is a buy signal. In this case, 754.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short REGN slightly near 754.45, target 738.32, Stop Loss @ 756.21. Details
The technical summary data is suggesting a short of REGN if it tests 754.45 with a downside target of 738.32. We should have a stop loss in place at 756.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 754.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Regeneron Pharmaceuticals (REGN) available here: REGN.
REGN Ratings for February 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
651.08 |
| P2 |
738.32 |
756.54 |
720.69 |
| P3 |
754.45 |
789.36 |
790.02 |
AI Generated Signals for REGN
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Regeneron Pharmaceuticals (NASDAQ: REGN) data table below can help you with price action, and we have more details too. Trading plans for REGN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for REGN:
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