Momentum is building with this Rectangle. See the live chart action.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Traders are watching Regeneron Pharmaceuticals (REGN) as price action tightens. Currently at $609.94, the asset is showing upward momentum (0.33%). The primary technical feature is a Bearish Flag formation. Volume is strong (1.73x avg) with moderate trend strength (4.2). A potential breakout level is identified at $591.52, targeting $403.0 with support near $620.0 (R:R 6.62).
What is your outlook on REGN?