Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
REGN is showing interesting structural developments at $761.85. With a last close of $761.85, volatility remains active (-1.98%). Price action has carved out a classic Descending Triangle. This setup is supported by strong volume turnover. A potential breakout level is identified at $727.88, targeting $660.99 with support near $781.21 (R:R 1.25).
What is your outlook on REGN?