CELG Chart – March 24, 2009

Celgene (CELG) is giving mixed signals.  It might be better to wait for a better entry point than it’s offering now.

  • Coming to a pivot point where two trend lines are about to meet.  Might be good to see which direction wins before over committing.
  • Held support at 10 day moving average – bullish.
  • 50 day moving average could act as resistance – bearish.
  • Bullish crossover from 10 and 20 day moving averages happened a couple of days ago.

2009-03-24_celg

More on this topic (What's this?)
(CELG) Celgene Reports Earnings Ahead of Estimates (Stock Blog Hub, 1/30/10)
(CELG) Celgene Corporation Expands into Cancer Drugs (Stock Blog Hub, 1/19/10)
End of Month Summary - February 2009 (My Trader's Journal, 3/2/09)
Sold CELG Naked Puts (My Trader's Journal, 12/5/08)
Read more on Celgene at Wikinvest

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DISCLAIMER: Charts found on these pages are my opinions and I take no responsibility for any losses you may incur if you agree with my charts. Although I am a Registered Investment Advisor Representative, the content contained on this site is not personal advise. Consult your own financial advisor or do your own research before trading or investing in any of these securities.

1 Comment

  1. Pingback by Review of My Chart Performance

    [...] CELG Chart – CELG got spanked – If you headed my warning you would have seen that it broke below the triangle/pivot point I warned against two days before it nose dived.  This was a great chart for me. [...]

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