Update 4/6/16 Biotech Rally Picks Up Momentum Today
Speculative stocks lead the way: BLUE up 10%, VRX up 16.6%
——–Risk on mode continues———
order Pregabalin Healthcare Sector Leads the Market
Lagging healthcare and biotech stocks found buyers today.The healthcare SPDR ETF (XLV) was up 1.05% to $69.38 as investors were probably seeking dividends and safety with fears about pricing tempered. The XLV is still down 3.68% YTD. Biotechs came out of the box strong but sold off as the day wore on with the IBB up o.87% and the XBI up 1.34%.Lagging healthcare and biotech stocks found buyers today dividends and safety with fears about pricing tempered. Both of these ETFs are at the top of a one month trading range and need to break through to support the strong tape.
MedTech, another lagging sector, had a good day as well : Edwards Life Science (EW) up 16.86% on clinical trial results for a transcatheter aortic valve replacement (TAVR) and Intuitive Surgical (ISRG) was up 2.57% near its 52 week high.
http://truecom.com/index.php/component/content/37-producten/home/48-contact/component/content/contact/partners/oplossingen/draadloos/draadloos/oplossingen/contact Our recent picks were all up today: ABBV up 3.1%, BLUE up 4.79%, BMY up 1.63%, GILD up 0.13% and RHHBY up 1.38%. If the tape remains strong we will add more mid-caps and smaller cap speculative stock.We added more risk with XBI last week and it must remain strong to confirm this mini-rally.
This is a Good Market for Traders with a Lively Tape
A green screen dominated today with many notable movers: ACAD up 4.88%, ALNY up 4.24%, ALXN up 2.91%,ANAC up 7.76%, EDIT up 7.26%, ESPR up 10.62%, KITE up 3.41%,NBIX up 3.34%, VRTX up 4.72% and ZIOP up 3.94%. Technicals dominate trading for now.
Risk on if technicals can hold or break through current levels.