CELG, a major holding of ours, is on the verge of a multi-year high breakout. The previous price high was 68.25. What I would typically like to see on a breakout is above average volume and closing near the high of the day. Below is a chart of CELG. Please click to view image.
Bottom Line: A breakout of the 68.25 area with decent volume could clear the way for this stock to run into the mid 70's. Technical aside, the company will be giving 2012 guidance on January 9th at the JPM healthcare conference. Thank you for reading.
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