iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Stock Spotlight: $CELG

$CELG is pushing higher to the tune of 3.5% on positive interim results from a late stage study. There is no need to dive into the details of the study, because the only thing that matters to me is this huge breakout we see on the weekly chart:

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With the entire biotech industry breaking higher, this one has a good shot to continue a move back to previous highs around $140. Seasonally, July has been a great month to own $CELG. Here is the seasonality data I pulled from Exodus:

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Look to buy dips here…

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