BIIB Makes Notable Cross Below Critical Moving Average

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In trading on Wednesday, shares of Biogen Inc (Symbol: BIIB) crossed below their 200 day moving average of $302.48, changing hands as low as $288.00 per share. Biogen Inc shares are currently trading down about 6.3% 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 $244.28 per share, with $370.57 as the 52 week high point - that compares with a last trade of $296.08.

According to the ETF Finder at ETF Channel, BIIB makes up 7.58% of the iShares Nasdaq Biotechnology ETF (Symbol: IBB) which is trading higher by about 2.1% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed below 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
Referenced Symbols: BIIB , IBB

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