Legend Biotech Corp (LEGN): Price Now Near $51.94; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for LEGN

Currently, LEGN (Get Ratings)’s price is up $0.3 (0.57%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LEGN ranks 101st in terms of today’s price percentage change out of Pharmaceutical Products stocks.

LEGN’s Technical Outlook on the Daily Chart

At the time of this writing, LEGN’s price is up $0.35 (0.69%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Legend Biotech Corp’s price action over the past 90 days can be seen via the chart below.