1. Relative Strength Analysis: CELG has outperformed SPY and XLV (Health Care Sector) on YTD, 6 and 12 month periods.
2.Breakout of flag on above average volume
3. Entry1 - Previous Close at 123.43, Entry2 - Flag breakout level at 120.16 (not unlikely since we usually see a re-test of the lows after a breakout)
4. Stop - Close below last swing low at 115.72
5. Target1 - Standard flag breakout measured move at 138.16
Good Trading
2.Breakout of flag on above average volume
3. Entry1 - Previous Close at 123.43, Entry2 - Flag breakout level at 120.16 (not unlikely since we usually see a re-test of the lows after a breakout)
4. Stop - Close below last swing low at 115.72
5. Target1 - Standard flag breakout measured move at 138.16
Good Trading