How the price action of Biogen Inc. Common Stock ($BIIB) is used to our Advantage

September 25, 2023, 08:30 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIIB

• Buy BIIB slightly over 256.44 target 279.55 stop loss @ 255.7 Details

The technical summary data tells us to buy BIIB near 256.44 with an upside target of 279.55. This data also tells us to set a stop loss @ 255.7 to protect against excessive loss in case the stock begins to move against the trade. 256.44 is the first level of support below 258.4 , and by rule, any test of support is a buy signal. In this case, support 256.44 would be being tested, so a buy signal would exist.

• Short BIIB slightly under 279.55, target 256.44, stop loss @ 280.36 Details

The technical summary data is suggesting a short of BIIB as it gets near 279.55 with a downside target of 256.44. We should have a stop loss in place at 280.36though. 279.55 is the first level of resistance above 258.4, and by rule, any test of resistance is a short signal. In this case, if resistance 279.55 is being tested, so a short signal would exist.

Swing Trading Plans for BIIB

• Buy BIIB slightly over 259.47, target 279.55, Stop Loss @ 258.72 Details

If 259.47 begins to break higher, the technical summary data tells us to buy BIIB just slightly over 259.47, with an upside target of 279.55. The data also tells us to set a stop loss @ 258.72 in case the stock turns against the trade. 259.47 is the first level of resistance above 258.4, and by rule, any break above resistance is a buy signal. In this case, 259.47, 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 BIIB slightly near 259.47, target 256.44, Stop Loss @ 260.22. Details

The technical summary data is suggesting a short of BIIB if it tests 259.47 with a downside target of 256.44. We should have a stop loss in place at 260.22 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, 259.47, 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 BIIB

• Buy BIIB slightly over 258.63, target 259.47, Stop Loss @ 258.03 Details

If 258.63 begins to break higher, the technical summary data tells us to buy BIIB just slightly over 258.63, with an upside target of 259.47. The data also tells us to set a stop loss @ 258.03 in case the stock turns against the trade. 258.63 is the first level of resistance above 258.4, and by rule, any break above resistance is a buy signal. In this case, 258.63, 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 BIIB slightly near 258.63, target 256.44, Stop Loss @ 259.23. Details

The technical summary data is suggesting a short of BIIB if it tests 258.63 with a downside target of 256.44. We should have a stop loss in place at 259.23 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, 258.63, 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  Biogen Inc. Common Stock (BIIB) available here: BIIB.

BIIB Ratings for September 25:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	256.44
P2	258.63	253.52	279.55
P3	262.82	259.47	299.48

AI Generated Signals for BIIB

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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  Biogen Inc. Common Stock (NASDAQ: BIIB) data table below can help you with price action, and we have more details too. Trading plans for BIIB 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.