Apr 17, 2021 (Stock Traders Daily via COMTEX) -- Wall Street usually prices in events before they happen, and that is as true for Regeneron Pharmaceuticals /zigman2/quotes/203149337/composite REGN -1.43% as it is for any other company. If news is anticipated, and investors want to know what to expect, a simple review of the stock's price action is one of the best ways to do that. The price action of REGN was used to prepare the plans below, it can reflect anticipation, and offer forward looking guidance without the need for analyst's opinions, which are often late and associated with decisions that have already been made anyway. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports .
The Technical Summary and Trading Plans for REGN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this REGN Report.
The technical summary data tells us to buy REGN near 486.70 with an upside target of 538.25. This data also tells us to set a stop loss @ 485.29 to protect against excessive loss in case the stock begins to move against the trade. 486.70 is the first level of support below 502.6 , and by rule, any test of support is a buy signal. In this case, support 486.70 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of REGN as it gets near 538.25 with a downside target of 486.70. We should have a stop loss in place at 539.8though. 538.25 is the first level of resistance above 502.6, and by rule, any test of resistance is a short signal. In this case, if resistance 538.25 is being tested, a short signal would exist.
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