Are You Ready to Trade Biotech Stocks at the CUSP of a Bear Market?…Update-1
Update-1...DEC 27 a low volume trading day and the sellers have come on early as investors and traders rebalance their portfolios.And tax considerations play a big role.But SMID biotechs are trading actively and yesterday despite the XBI up less than 1% we saw many 2% plus movers on our trading...
Biotech Stock Update: A Mixed Opening as Momentum Eases…Update-3…-DEC 20,,,,BIG Rally
UPDATE-3 12/20...Back for the CHRISTMAS RALLY Well we are back from holiday and today was a nice 1% plus rally on huge volume led by usual suspects AAPL, AVGO, GOOGL and JPM etc.plus a broader rally with the equal weight S&P 500 (RSP) up 1.4%. EVEN healthcare stocks were up with the XLV up...
It’s Been a Tough Month for Healthcare Stocks…Update 3…ABBV
ASH Coming up this week. Midday Movers: ABBV up 0.65%, PFE up 1.87%, REGN up1.5%, UNH up 0.64%, VRTX up 2.6%. Update-3 12/9..1:35...ABBVIE's Parkinson's drug shows promising results. Update-3 12/9...11:32a Healthcare sell-off looks overdone.MOVING to a HOLD on REGN, PFE, UNH. Update at close....
Momentum Model for Trading SMID Biotech Stocks: Broad Rally Underway…Update-3
Update-3 11/27...3P EST..Added BridgeBio(BBIO) to momentum trading list at $27 range on technicals and FDA approval of cardiovascular drug, Bought initial shares. XBI trending toward $100. Movers today from our trading list up>5%: BBIO, CRBU,IMVT, RXRX,TEM. Update-2...LLY stock rises 4.5%...
What to do after the Worst Week for Healthcare stocks since March 2020? Update-3 Look for trades now!
Update-3 ,,,11/22/24...11:11 EST... Might be another good day for Life Science stocks: ABBV MRK PFE etc. Added to Quidel/Ortho (QDEL) at 39 + with options after secondary offering. SMID caps are back with XBI crossing $95 level!. SMID ETFs are running too IWR, IJR etc. 2:37P 11/22...Green...