Biotech Breakdown: Market Rally Continues, Biotechs A Bit Mixed (1/23/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Rally Continues, Biotechs A Bit Mixed (1/23/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P breaks down trendline, should continue higher
NYSE still trading within triangle
DOW bounce continues after testing trendline support

Biotech

IBB top resistance has been tested, possible wedge formation
GILD possibly moving through down trendline
JAZZ breaks multiple levels to the upside
ANAC bounces off trendline support
ALNY pushes above 90
RCPT testing 110

Tickers: SPX IBB COMP GILD JAZZ RCPT ALNY ANAC

Posted to The Biotech Trader on Jan 23, 2015 — 10:01 AM

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