CELG (Celgene Corp) CELG will be added as an Active Long Swing Trade here at key support around the 97 level. CELG has hit a very solid long-term support level while at the most oversold reading (on the weekly time frame) in over a decade.


Price target & a suggested stop will follow asap as I wanted to get this out immediately as there is a good chance that the stock will start to get bid higher now that this key support level has been hit. For those wanting to game a quick bounce off support, it appears that the 101 area would be the first resistance level on a bounce. A likely swing target would be around the 106.60 level. Daily & weekly charts: