The bullish DailyPlay we chose for Friday, January 25th is Regeneron (REGN). REGN is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 7.41% move higher and its 1m trend has turned bullish on 1/18 and recently broke above its $87 resistance level which now becomes support.
Regeneron’s 1m and 6m trends turned bullish on 12/31 and recently bounced higher off its $400 support level. With a technical score of 9 (out of 10), REGN is a strong stock that will likely continue higher.
As a stop loss, if REGN was to trade below $400 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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