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Monday, August 27, 2007 

Trade Ideas for Monday - BIIB, TLAB

Chart courtesy of stockcharts

Biogen Idec "BIIB" shares were up nearly 5% on Friday to a new 52 week high at $62.89 followed by a strong volume and breaking out an important resistance at $60. Stcok is now in a breakout mode and the chart suggests a strong confidence in Biogen stock, no resistances above and RSI has space to move up more.

Chart courtesy of stockcharts

TLAB- Stock is now in a strong momentum and Bullish Crossover over this week. TALB looks like it will test $11.50 area.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice Trading week !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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