Biotech Breakdown: Market Correction Over? (10/22/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Correction Over? (10/22/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P appears to breaking above our resistance zone
DOW is above channel resistance, but hitting 200MA
Nasdaq popping big today thanks in part to earnings releases

Biotech

IBB still not gaining much traction
KITE has broken 66
PBYI has moved higher off 80
SRNE still resisting 8
ARWR struggling to get back above 5
VRX tanked this week, but rally is underway

Tickers: SPX IBB COMP VRX KITE PBYI ARWR SRNE

Posted to The Biotech Trader on Oct 23, 2015 — 11:10 AM

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