Life Science Stocks Blow Through New Highs

The Rayno Biopharma stocks continued their run today and some Tools/DX stocks are freshening up. Yesterday we added Hologic (HOLX) as a turnaround/value play and it is up 1.73%. Other Rayno winners in this lagging sector today are : Alere (ALR), Cepheid (CPHD), Exact Sciences (EXAS), Genomic Health (GHDX), Illumina (ILMN), and ThermoFisher (TMO). Both Abaxis (ABAX) and Quidel (QDEL) are weak and have toppy charts. EXAS is starting to recover from lows under $10, due to concerns about the regulatory status of their molecular test for colon cancer.

Our recent paired trade recommendation LONG Alkermes (ALKS),  SHORT Infinity (INFI) is working with ALKS up 3% today and INFI down 7%.

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