BIIB, give the stock a chance.

Dec 16, 2015

BIIB, just had a slight breakout for the second day. The stock has a chance for a bigger move to the 310s - 320s area, if the measured move works out. This will be a longer term trade. You have to give it a few months. I am long the options to take the anxiety out of the trade. This is a 2 hour chart.

Jan 3, 2016

Note

This trade worked out for the most part, but it was not easy. That is why I suggested using options vs. buying the stock. At this point I would take profits and just leave a trailing position to see if there is anymore room.