Biotech Rally: IBB up 1.8% Just Above 340 LT Support…Update-1

Biotech ETFs Rally Back This Week

8/28 After Close The IBB closed at 353.28 up 0.68% and up 3.95% over 5 days.

Next week we will provide an analysis of three ETFs -FBT,IBB and XBI- compared to one large fund the Fidelity Select Biotech Portfolio (FBIOX). All of the ETFs recovered and were positive for the week with the XBI leading up 5.44%. YTD however the performance gap among the funds has narrowed and Fidelity (FBIOX) trails the major ETFs.

IBB at 347

On vacation until September 1.

 

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