Regeneron Pharma (REGN) – Bullish Earnings Play

The bullish DailyPlay we chose for Tuesday, July 10th is Regeneron Pharma (REGNWealth Strength IndexREGN is Flat and trending Down). REGNWealth Strength IndexREGN is Flat and trending Down is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.83% move higher and its 1m/6m trend has turned bullish on 7/5 while breaking above its $86 resistance level which now becomes support.

Regeneron Pharma’s 1m and 6m trends turned bullish on 6/27 and recently bounced higher off its $360 support level. With a technical score of 7 (out of 10), REGNWealth Strength IndexREGN is Flat and trending Down is a strong bullish stock that will likely continue higher.

View this Trade Idea on REGNWealth Strength IndexREGN is Flat and trending Down

As a stop loss, if REGNWealth Strength IndexREGN is Flat and trending Down was to trade below $360 for multiple days, this would invalidate our analysis and suggest getting out of the trade.