Rayno Life Science-Early Movers With Holiday Rally
Santa Claus Making Fast Tracks Nasdaq is up 1% as of midday trading and life science stocks are strong across the board. The IBB is up 2.29%, XBI up 1.8 %.The holiday spirit pervades. Movers among the Rayno Life Science focus stocks are the usual suspects plus many smaller caps: Tools and...
FED Finesse-Steady As She Goes-Large Cap Biotechs Near Highs Update -1 PBYI
Taper Lite With Zero Interest Rates The big FED Meeting with the Bernanke farewell concluded with "taper lite", optimism on the economy and continued low inflation. The FED decision to roll back its economic stimulus was welcomed by investors boosting the S&P by 1.7% to a record 1810 and...
Biotech Stocks Lagging In Today’s Rally
But A Lot of Green Today in Diagnostics and Tools The NASDAQ (4030)and the S&P (1787) are up about 0.7% but biotech stocks are lagging with the IBB ($216) up only 0.33%. Momentum in biopharmaceutical stocks has been easing since a late November move around the $225 mark. Stock...
Many Biotech Momentum Stocks Are Selling Off: Technicals Rule
Biotech Bull Market Takes A Breather When the biotech bull market began in Q2 2009 it was value driven because of low technology values and Price/Sales for the widely covered stocks. Product sales were about to explode for many companies and in 2012 the sector took off. Biotech stocks are up...
Rayno Life Science Stocks-ASH Update-2 GILD, PCYC, SGEN
Weak Tape Today 12/10--Gilead (GILD) Down 4.4% on 15.5M Shares IBB ($218.81) down 1.33% on good volume. GILD fall could be reaction to Abbvie (ABBV $53.55) up 4.5% on Phase 3 Hepatitis C data. Virologic response of ABT-450r is 96% in Genotype 1 patients. Other weak Rayno Biopharma stocks:...