The price targets for the recently posted CELG (Celgene Corp) swing trade will be T1, a quick bounce target, at 100.95 & T2, a swing trade target, at 110.38. The maximum suggested stop is any daily close below 93.80 with a suggested beta-adjustment of 0.90. See the previous post for the reasoning behind this “catch-a-falling-knife” trade as well as the 10-year weekly chart. Update daily chart below:
CELG daily 2 Oct 26th