OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday September 7th is Biogen (BIIB). BIIB is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 3.1% move lower and it’s 1m and 6m trend turned bearish and neutral on 8/25 but has recently held its $72 support level.

Biogen (BIIB)’s 1m and 6m trends turned bullish on 7/21 and recently bounced higher off its $300 support level. With a technical score of 7 (out of 10), BIIB looks positioned to continue this strong bullish trend higher.

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