Legend Biotech (LEGN, $35.01) entered Downtrend as Momentum indicator drops below 0 level on Feb 28, 2025

#Biotechnology, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #MidCap
LEGN - Legend Biotech Corp
Momentum signal
Bearish Trend
85%
Odds of DOWN Trend
Price: $35.01
Daily change: -$1.71 (-4.66%)
Daily volume: 2M
Capitalization: $6.4B
Industry: Biotechnology

This indicator may be signaling that LEGN's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 97 similar cases where LEGN's Momentum Indicator fell below the 0 level, and 82 of them led to a successful outcome. Odds of Success: 85%.