Biotechs Lead Nasdaq to Record High! BMRN, AMGN, RCPT, MDVN, BIIB, KITE, CELG, INCY, JAZZ, BA, AMZN, ISIS

Biotech stocks jumped higher today, pushing Nasdaq to a record high at 5133. Yesterday, after the market, BMRN shares popped higher, as the company reported positive results from a mid-stage study for its drug to treat the most common form of dwarfism.

This morning the whole sector jumped higher. BMRN ended the day up more than +12%. Here are how some of the other biotech names did today: AMGN +2.87%; RCPT +5.43%; MDVN +3.59%; BIIB +2.73%; KITE +3.48%; CELG +4.24%; INCY +3.33%; JAZZ +0.96%.

A lot of these biotech names shot up right at open, so it was difficult to chase. I do like KITE and JAZZ here. I think these could go up again tomorrow.

Elsewhere, other tech stocks were also strong. We locked in gains on CRM, MNST, BA, and AMZN. BA had a nice day, a solid bounce to retest the recent high. We got into BA calls yesterday and locked in profits as high as +55%:

We also did a nice day trade on AMZN, giving us an intraday gain of +30%:

AMZN should retest the recent high of $452 from here.

To subscribe or to find out more about my Ecstatic Plays services, please CLICK HERE. Come join the fun and see what we are trading. We just added a live chatroom today, FREE to any subscribers. If you have been following my blog and the progress of my Ecstatic Plays portfolio, its value is now up +38.8% for 2015 and +215% in the past 365 days.

The markets went quite far today. We might see a pause for the broader market tomorrow. But, investors may look to pick up any laggers. Unless, of course, there's solid, positive news coming out of Greece.

Isis Pharmaceuticals (ISIS) had a nice pop last week, but, all of the gains evaporated. It bounced a bit today with the rest of the sector. I think this is worth a look now!

Good night and HappyTrading! ™

Posted to Ecstatic Plays on Jun 18, 2015 — 9:06 PM
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  • {[comment.author.username]} — Marketfy Staff — Maven — Member
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