Trading Biogen Inc. Common Stock $BIIB With Integrated Risk Controls

February 24, 2023, 16:45 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIIB

• Buy BIIB slightly over 253.82 target 285.44 stop loss @ 253.09 Details

The technical summary data tells us to buy BIIB near 253.82 with an upside target of 285.44. This data also tells us to set a stop loss @ 253.09 to protect against excessive loss in case the stock begins to move against the trade. 253.82 is the first level of support below 270.02 , and by rule, any test of support is a buy signal. In this case, support 253.82 would be being tested, so a buy signal would exist.

• Short BIIB slightly under 285.44, target 253.82, stop loss @ 286.26 Details

The technical summary data is suggesting a short of BIIB as it gets near 285.44 with a downside target of 253.82. We should have a stop loss in place at 286.26though. 285.44 is the first level of resistance above 270.02, and by rule, any test of resistance is a short signal. In this case, if resistance 285.44 is being tested, so a short signal would exist.

Swing Trading Plans for BIIB

• Buy BIIB slightly over 276.39, target 285.44, Stop Loss @ 275.59 Details

If 276.39 begins to break higher, the technical summary data tells us to buy BIIB just slightly over 276.39, with an upside target of 285.44. The data also tells us to set a stop loss @ 275.59 in case the stock turns against the trade. 276.39 is the first level of resistance above 270.02, and by rule, any break above resistance is a buy signal. In this case, 276.39, 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 276.39, target 266.89, Stop Loss @ 277.19. Details

The technical summary data is suggesting a short of BIIB if it tests 276.39 with a downside target of 266.89. We should have a stop loss in place at 277.19 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, 276.39, 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 272.79, target 276.39, Stop Loss @ 272.15 Details

If 272.79 begins to break higher, the technical summary data tells us to buy BIIB just slightly over 272.79, with an upside target of 276.39. The data also tells us to set a stop loss @ 272.15 in case the stock turns against the trade. 272.79 is the first level of resistance above 270.02, and by rule, any break above resistance is a buy signal. In this case, 272.79, 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 272.79, target 266.89, Stop Loss @ 273.43. Details

The technical summary data is suggesting a short of BIIB if it tests 272.79 with a downside target of 266.89. We should have a stop loss in place at 273.43 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, 272.79, 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 February 24:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	253.82
P2	265.03	266.89	285.44
P3	272.79	276.39	316.25

AI Generated Signals for BIIB

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Biogen Inc. Common Stock (NASDAQ: BIIB) report below can help you, but we have more details too. The trading plans for BIIB, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.