Biotech giant BIIB had an extended pocket pivot on 8-2-20 after gapping higher twice prior, once due to strong earnings. It has since retraced in a constructive manner which we call a volume dry-up (VDU) where price range narrows while volume remains quiet. It has just shown strength so is actionable here around the 316 price level.
Pocket Pivot Review - BIIB 8-16-16
|Published:||16 Aug 2016 16:48 ET|
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