BMRN breaks below prior session low
BMRN finished Thursday at 88.43 losing $1.09 (-1.22%) on low volume. Closing below Wednesday's low at 88.57, the market confirms its breakout through the prior session's low having traded $0.95 below it intraday.
Thursday's trading range was $1.67 (1.88%), that's below last trading month's daily average range of $2.29. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.
While still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Buying could speed up should prices move above the close-by swing high at 89.98 where further buy stops might get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for BioMarin Pharmaceutical Inc.
|Close to R1 Resistance||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Bearish Intraday Reversal||TQ Pro Members Only|
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