Regeneron Pharma (REGN) – Bullish DailyPlay for Tuesday July 24th, 2018
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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