Celgene Corporation (CELG) “On a long-term technical basis, the stock (CELG) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 107.41 and 98.97. If the stock breaks down through support at 107.41 then it will probably continue lower to 98.97. The stock will meet resistance at 110.75 and 120.84. If the stock breaks up through resistance at 110.75 then it will probably continue higher to 120.84. The 200-day moving average is at 95.49. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (79.69), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”

Celgene Corporation (CELG) “On a long-term technical basis, the stock (CELG) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 107.41 and 98.97. If the stock breaks down through support at 107.41 then it will probably continue lower to 98.97. The stock will meet resistance at 110.75 and 120.84. If the stock breaks up through resistance at 110.75 then it will probably continue higher to 120.84. The 200-day moving average is at 95.49. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (79.69), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”