Regeneron (REGN) – Bullish DailyPlay for Friday Jan 25th, 2019
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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