Biotech Breakdown: Market Still Pulling Back (11/12/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Still Pulling Back (11/12/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P fell down to its channel support twice this week and bounced both times
DOW hit its up channel resistance yesterday
Nasdaq holding steady below all-time high

Biotech

IBB declined back towards its 50MA
ICPT got hit hard
PBYI broke back below 80
RDUS still sitting under trendline resistance
VRX broke lower
KITE still holding on strong

Tickers: SPX IBB COMP VRX KITE ICPT PBYI RDUS

Posted to The Biotech Trader on Nov 12, 2015 — 9:11 AM

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