CELG has successfully dropped to where I predicted, its 200 sma. I would look to cover right here right now. If there is a strong break of the 200 sma, this stock has a while to fall, so be prepared to short once again. Or if this stock bounces off the moving average, i'd wait just a bit and short again because it is doomed to hit the 200 sma very soon, once again.
CM
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