The bullish DailyPlay we chose for Tuesday, July 10th is Regeneron Pharma (REGN). REGN is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.83% move higher and its 1m/6m trend has turned bullish on 7/5 while breaking above its $86 resistance level which now becomes support.
Regeneron Pharma’s 1m and 6m trends turned bullish on 6/27 and recently bounced higher off its $360 support level. With a technical score of 7 (out of 10), REGN is a strong bullish stock that will likely continue higher.
As a stop loss, if REGN was to trade below $360 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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