Biogen Inc. is a biopharmaceutical company dedicated to developing advanced therapies for serious diseases. Its portfolio includes treatments for multiple sclerosis (MS), spinal muscular atrophy (SMA), Alzheimer's disease, and amyotrophic lateral sclerosis (ALS). Key products include TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI and FAMPYRA for MS; SPINRAZA for SMA; SKYCLARYS for Friedreich's Ataxia; QALSODY for ALS; and FUMADERM for severe plaque psoriasis. Co. also collaborates on LEQEMBI, ZURZUVAE, RITUXAN, GAZYVA, OCREVUS, LUNSUMIO and COLUMVI, and commercializes biosimilars such as BENEPALI, IMRALDI, FLIXABI and BYOOVIZ.
When researching a stock like Biogen, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from BIIB Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for BIIB stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the BIIB 200 day moving average ("BIIB 200 DMA"), while one of the most popular "shorter look-backs" is the BIIB 50 day moving average ("BIIB 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Biogen. |
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Video: Technical Analysis