Hi guys, I am a new VIP so forgive me since I don't know all the criteria for the key list, but I was wondering if REGN could be added to the list? I recently started back with IBD since the crash and I am getting back into the swing of studying every weekend.
Tonight, the chart of REGN struck me when I was looking at the monthly chart and noticed that it did NOT go down during the recent crash. I can't think of another stock that did NOT go down. It broke out of a cup with high handle on 2/24 which is the day the market started to correct. Hence the huge jump in RS line.
I was amazed that it has not tested the 50d ema during the entire down trend. It recently had two big up volume days and then pulled back on low volume. I feel like this is a definite buy if it pushes to new highs. Do you see as much strength in this name as I do? I hope so!
Thank you for all you do!
John
1 Answers
Hi John,
Pat made this video for you:
https://youtu.be/aDJGuowrO_c
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Thank you for your quick answer, I will keep my eye on it!