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PPR - Biogen Idec (BIIB) Potential Pocket Pivot at Current Volume Rates

Biogen Idec (BIIB) is holding tight along its 10-day moving average as it has consolidated well over the past four weeks. IF the stock if able to move up off the 10-day moving average, as it appears to be doing currently around mid-day, and volume exceeds the highest down-volume over the prior 10 trading days at 1,583,300 shares, it would qualify as a pocket pivot buy point. Keep in mind that BIIB is expected to announce earnings tomorrow before the open, thus if one did try to take a position in a bona fide pocket pivot that could be confirmed before the close of today's trading, scale it properly to account for any risk as a result of tomorrow's earnings report. Thus a 10% = 1% overall portfolio loss for every 10% drop in stock following earnings, 20% = 2% overall portfolio loss for every 10% drop in stock following earnings, etc.
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