Biogen - opportunity to get in at the bottom

After a recent downward gap, BIIB looks to me to have established a new upward channel. With bullish MACD, great analyst ratings, a history of earnings beats, and the next earnings coming up in mid-July, BIIB should be up in the short-to-medium term. Set fairly tight stops to protect against a downward channel breakout.

Here's my Biogen trading plan Monday morning:

Limit buy 238.17
Stop Loss: 231
Take profit: 287