Buz Investors Characteristic in Bluebird Stock My bullish views surrounding bluebird bio Inc (NASDAQ:BLUE) stock are not a secret,

This Characteristic in Bluebird Stock Could Be Exploited

BLUE Stock: Habits Are Hard to Kick

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Buz Investors Characteristic in Bluebird Stock My bullish views surrounding bluebird bio Inc (NASDAQ:BLUE) stock are not a secret, because earlier this year I published a report titled “This Is Why Bluebird Stock Will Soar into the Sky in 2017.” I am returning to this name because the price action has been incredibly phenomenal, and it continues to suggest that higher prices are likely. I cannot stress how impressed I am with the way this stock abides by certain technical rules, and the level of respect it has for important price levels. I believe that I have identified an embedded trading characteristic in BLUE stock that can be used in applying an appropriate trading strategy.



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Characteristic in Bluebird Stock

For anyone who isn’t familiar with the method I use to analyze a potential investment, I employ technical analysis to develop a bullish or bearish view. This method of investment analysis is based on the notion that historical price and volume data can be used to decipher trends and forecast future stock prices. I have been refining my craft in this method for nearly two decades, and have become proficient in applying it to my trading strategies.

n July 2016, price exited the triangle in an upwards direction, confirming that the pattern was an ending triangle. An ending triangle indicates that the predominant bearish trend towards lower prices has finally concluded. Blue rallied out this triangle for roughly three months before a correction finally ensued. Even though this correction retraced all of the gains that were made, it did not tarnish the overall bullish picture that was suggested by the ending triangle.

BLUE stock returned to test the ending triangle from above, and this price action actually served to reinforce the bullish view as this was a successful backtest. A backtest, or the one last kiss goodbye, reinforces the notion that the original breakout was legitimate and that a new trend has begun.

BLUE stock carries a defining characteristic of backtesting previous levels of resistance, and this habit should be factored into any applicable trading strategy. I am bullish on Bluebird stock because there is every indication that the path of least resistance is geared towards higher prices, and I will continue to tilt my strategies towards my bullish view until there are indications on the Bluebird price chart that suggest another view is warranted.




Buz Investors Bluebird Stock Will Soar The best part about my job is the excitement that I receive when I find a compelling investment.

This Is Why Bluebird Stock Will Soar into the Sky in 2017

Blue Stock: Reinforced Bullish Trend

This Is Why Bluebird Stock Will Soar into the Sky in 2017

Buz Investors Bluebird Stock Will Soar The best part about my job is the excitement that I receive when I find a compelling investment. In late November 2016, I stumbled upon bluebird bio Inc(NASDAQ:BLUE) stock, after I came across a piece of intriguing news surrounding one of its clinical trials that delivered exceptional results with absolutely no side effects. This news piqued my interest and I began to dig.



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Bluebird Stock Will Soar

 

I base my investment views using technical analysis and, as result, my views are heavily reliant on the indicators and price patterns that are contained within the price chart. As I delved closer into the price chart for Bluebird, I found such beauty in its inner workings. The indicators and price patterns have been so defined and pristine that Blue stock now tops my watch list as I am compelled to believe that much higher prices are now a real possibility.

A downtrend had contained the price after BLUE stock peaked in June 2015. This downtrend was created by using a simple trend line and connecting the peaks on the price chart. This trend line serves as a simple tool that defines whether Bluebird is trading within a bear market or not. Trading below it indicated that a bear market was still in force, and trading above it indicated that the bear market had concluded.

It was November when Blue stock was finally able to garner enough strength to break out above this trend line. The breakout indicated that the bear market had finally run its course, and the backtest that followed confirmed this notion. In some circles, traders refer to the backtest as one last kiss goodbye before the new trend reasserts itself.

 



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Bluebird Bio Inc: Positive Trials Will Send BLUE Stock Soaring

Bluebird Bio Inc: Positive Trials Will Send BLUE Stock Soaring

  • Buz Investors BLUE Stock Soaring (NASDAQ:BLUE) stock is trading higher on the good news that was disseminated after the close of trading on November 30.
  • The news is actually better than good; it’s fantastic. The company’s myeloma cancer treatment has delivered significant benefits with no major side effects in patients.
  • It is actually quite rare that a biotech company releases information from one of its clinical studies that includes no major side effects. This is great news for those unfortunate enough to be suffering from this type of cancer, and it should not be surprising that BLUE stock is surging on the back of this news.

BLUE Stock Soaring

Bluebird Bio Inc: Positive Trials Will Send BLUE Stock Soaring

BLUE Stock Soaring There are two types of signals that can be generated using simple moving average crosses. A golden cross indicates that a bull market is on the horizon, and a death cross indicates that a bear market is on the horizon.

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BLUE Stock Soaring

A signal is confirmed when the faster moving average (50 day-moving average) moves above or below the slower moving average (200 day-moving average). The golden cross and death cross are the exact opposites of each other.

The choppy price action was due to the ending triangle that developed in the first half of 2016. Ending triangles are rare patterns because of where they occur in a trend. On average, triangles are continuation patterns and, because of the shape that makes up these patterns, they are also very explosive. So, when triangles are not continuation patterns, they act as powerful trend reversal indicators.

BLUE Stock: Breakaway Gap

Bluebird Bio Inc: Positive Trials Will Send BLUE Stock Soaring

In order to confirm that the bear market in BLUE stock has indeed concluded, this downtrend line needs to be broken by the price closing above it. That is exactly what the positive news surrounding the myeloma treatment has caused. The price has surged higher, leaving a potential gap on the Bluebird stock chart.

A gap on the price chart is a significant event, especially when it occurs around a trend line. Traders refer to this price action as a breakaway gap, and this gap rarely gets filled and almost always signals that a new trend has started.