August 27, 2007
Biogen Idec Inc (BIIB)
A scan of new 52 week highs on the Nasdaq brings Mr. Biogen Idec Inc (BIIB). I usually don’t trade the Biotech sector but it does have its Black Swan positive charm, perhaps I should invest some money in it for the long term. Anyway, BIIB starting testing its old highs back in June and then broke out touching new highs almost every week. Breakouts have a tendency to do that! :)
