Biotech Breakdown: Market Looking For More, Biotech Reversing? (3/20/15)

Market Analysis

  • S&P broke trough both the 2065 mark and the 2100 this week. Barring a complete reversal of today's gains, higher is the word
  • Nasdaq moved back above its trendline and hit a new high above 5K
  • Transports closing in on a new high
  • NYSE still lagging

Biotech

  • IBB has been on fire, but today's price action looks bad so far
  • SGMO finally took off from 17
  • ESPR in vertical move looks like it may be over
  • BIIB and ICPT popping on news
  • Other stocks: JAZZ, RDUS, CMRX, JUNO, KITE
Posted to The Biotech Trader on Mar 20, 2015 — 12:03 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!