Celgene (CELG) is part of that volatile biotech group, and if you have the stomach for big swings, then you may be ready for a nice payoff (if you go long).
You can see in the chart below that a MACD signal is about to be crossed. The recent power move up from low 80’s was on impressive turnover. Though we have some resistance at the old highs up ahead, the relative strength shows us there is more gas left in the tank. We could see this make its way toward 100 before too long. As for an options trade, we are long on the Nov 95 call.
