Update-1 …10/27…SMID BIOTECH rally on a green screen day.. many hot biotechs in Russell 2000: AXSM, BBIO,CYTK, CRNX, TEM etc
Today we read on Bloomberg at 10a about a deal that said Novartis (NVS) will buy Avidity Biosciences (RNA) for $72 share. Avidity Biosciences is on our Focus Trading List for SMID Biotech companies.
Our last post on the SMID Biotech sector was 10/22/25. And on Friday 10/24 the SMID sector looked bullish among our indicators with a green screen and the XBI was at the $108 level up 20.35% YTD. The high for 2025 is the $110 range.
