Regeneron has gone nowhere since February 2016, but recent volume bars suggest that this may be a massive base. The stock surged off the 325 area with big volume in November. After falling back into January, the stock held above the October low and turned up the last 14 weeks. Notice that upside volume far outpaced downside volume two of the last five weeks. This stock appears to be under accumulation and a breakout at 400 would target an assault on range resistance. Careful this week because the Regeneron reports earnings on May 4th.
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