Bearish Pattern Emerging for Biotech-Geopolitical News Overwhelms Market…Update-1
Update-1 2/3...3:30p EST... Biopharma stocks firm up after a bad week Large caps are strong with Gilead Sciences (GILD) up over 5% on a story about an experimental antiviral therapy for coronavirus China. GILD is one of the leading antiviral companies for HIV and HCV. Mid-caps in green screen...
New Buy Ideas for 2020: Glaukos Corporation (GKOS)
New Buy Ideas for 2020-Biopharma and MedTech New Buy Idea -Glaukos (GKOS) for ophthalmic disease therapies If you have been reading my recent posts I have been cautious on adding new positions since the JPMorgan Healthcare Conference. After the nice Q4 run-up it would seem prudent to let...
Biotech Sector Watch: Week Ending 1/25/20 After JPMorgan Conference…Update-1/30 sell-off on coronavirus fears
Update-2 1/30 a Mid-day trading- Bearish pattern emerging Many of our indicators have turned bearish: XBI down 1.8% under $90, red screen in mid-caps, large caps at lows for the day, IWM at day lows etc. Fears about coronavirus causing buyers strike? Risk-off, even positive earnings don't...
Medtech: Stocks To Watch- Are you diversified in healthcare stocks? Update-1
Update-1 Jan. 23 With IHI down 0.86% but most medical device stocks are near one year highs. Notable movers up today: Interactive Surgical (ISRG) up 0.78% on earnings report, iRhythm Technologies (IRTC) up 3.69 % to $89.27, Teledoc (TDOC) up 1.36% to $102.80. ==========================...
Biotech Investing Strategy for 2020: Part I…Update-1 Jan 24
Update-1 We remain on hold for taking on new positions. Biotech and healthcare stocks have made nice gains so let's get through the earnings cycle. Markets are jittery despite rush to new highs at opening, S&P 500 down 0.82%, as of mid-day trading over coronavirus concerns in China with 926...