Biotech Breakdown: Market Pops, Biotechs Explode (12/19/14) | Marketfy

Christian Tharp

Biotech Breakdown: Market Pops, Biotechs Explode (12/19/14)

By Christian Tharp, CMT — Author

Market Analysis

S&P reverses higher, should be headed towards channel resistance, yet again
DOW bounced off trendline support
Nasdaq resistance at 4800
Russell outperforms this week

Biotech

IBB approaches new high
BIIB breaks 350
INSY breaks 42.50
AEGR breaks 32.50
Other stocks discussed: NLNK, GILD, ICPT

Tickers: SPX IBB COMP GILD BIIB INSY NLNK ICPT AEGR

Posted to The Biotech Trader on Dec 19, 2014 — 10:12 AM

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