Today's action in CELG was concerning. CELG has been a consistently strong stock for a while now and big red candlesticks are a bit out of the ordinary. The stock has now broken to the level where I previously suggested stopping out at. I would make sure you do so as it seems to be trapped in negative sentiment. In addition to stopping out, I would now look to go short around these levels. The support that once kept this stock moving upward has now broken and there could be some downside to go.
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