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Biogen Breaks Above 200-Day Moving Average - Bullish for BIIB


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In trading on Monday, shares of Biogen Inc (Symbol: BIIB) crossed above their 200 day moving average of $281.35, changing hands as high as $284.20 per share. Biogen Inc shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of BIIB shares, versus its 200 day moving average: Biogen Inc 200 Day Moving Average Chart

Looking at the chart above, BIIB's low point in its 52 week range is $230.29 per share, with $307.33 as the 52 week high point - that compares with a last trade of $284.04.

According to the ETF Finder at ETF Channel, BIIB makes up 9.03% of the iShares Nasdaq Biotechnology ETF (Symbol: IBB) which is trading up by about 0.6% on the day Monday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: BIIB , IBB


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