- The CCI indicator stands above +100
- Bollinger analysis indicates upper Band® is at $200.64
Seagen moves 0.05% to close at $199.94 today.
The stock has been trending positively for about 3 months. The cancer therapies development company has gained 1.11% over the last 2 days.
Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to momentum evaluation, the Relative Strength Index indicates Seagen is in a strong overbought condition. According to asset volatility analysis, Seagen's upper Bollinger Band® is at $200.64, suggesting that a downward move may follow.
Overall, technical indicators suggest Seagen has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other health care stocks as Thermo Fisher Scientific lost 2.39% today and closed at $542.7. Amgen gained 1.87%, as it traded at $234.9. Bristol-Myers Squibb Company was up 1.52%.
Upcoming fundamentals: United States Philadelphia Fed Manufacturing Index (Mar) will be released tomorrow at 12:30 UTC.