Celgene Looking Healthy

I like the buy side of Celgene (CELG) at these levels: I still see this stock as being within a healthy uptrend, and I like that it is above both the 200- and 50-day simple moving averages. In addition, the bullish pattern of higher highs and lows will remain intact as long as the price remains above the Oct. 9 low.

Note that the most recent high was made just short of a 1.272 extension of the prior swing (many moves terminate at such levels), and since then we have seen a symmetrical correction that looks as though it may be terminating right about now....164 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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