Long

Celgene Corp on verge of Breakout

134
Trading at a very attractive 13 P/E and now hitting its $99 average analysts price target, we expect a break above $100 with under $100 as a possible 1-2-1 Fibonacci extension.
Celgene Corp. is an integrated global biopharmaceutical company, which engages in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases. Its primary commercial stage products include REVLIMID, POMALYST, IMNOVID, OTEZLA, ABRAXANE, and VIDAZA. The company was founded by David Stirling and Sol Barer in 1986 and is headquartered in Summit, NJ.

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