BGU - BIIB follow up

Published : February 7 2013 at 13:34 ET

We reported on BIIB on February 6 when it had a buyable gap up (BGU). It then closed near the low of its trading range. This is ok for a big cap stock such as BIIB. A BGU sell rule is to sell if it undercuts the low of the gap up day by more than 1-2%, depending on one's risk tolerance levels. 2% under yesterday's gap up low would be 157.4.

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