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 ยป

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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