03/06 – 03/10 Biotechnology

ibbd1       ibbw1

As you see on the weekly and daily chart of IBB, we finaly come out of this large range and close above 300.In long term perspective we may see a move to 341.

The prior pivots for trading this week is 303.74 and 298.30 on IBB.  As we close above 300 last week see if bulls hold 298.30 and watch for follow through to clear 303.74 level trading strong stocks. If bears go through 298.30 i will avoid this sector.

Strong stocks :

ESPR, LJPC, PTLA, BIVV, CLVS, SAGE, SGEN, KITE, BLUE, BMRN, CELG, JAZZ, INCY, AMGN, TSRO.

Weak stocks : 

ACAD, RDUS, GILD.

 

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