Regeneron Stock Pops But Hits Resistance At 50-Day

By | October 12, 2015

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Regeneron Pharmaceuticals (REGN) popped in the stock market today, but shares are hitting resistance at a key level. The biotech now faces less competition for its cholesterol drug, as Eli Lilly (LLY) is discontinuing development of its heart-disease treatment, which RBC Capital Markets notes is a big benefit for Regeneron and its larger peer Amgen (AMGN). Regeneron gapped up 5.2% in heavy volume on Monday. But the stock looks to be finding Scalper1 News

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