Vacation Week Update-Biotech Stocks…Update-1 IBB,ILMN
Update-1 11a EDT, Large cap drugs and biotechs resume slide on drug pricing "reform" from Trump threats. IBB down 1.37%, XPH in downtrend tp $38.41. Laggards holding BIB, GILD. Winners losing MRK, RHHBY. LLY and PFE hit hard. Gene therapy green: BOLD,SGMO. Illumina (ILMN) whacked over 15% on...
Gene Therapy Stocks are Big Winners in 2019: VYGR, MGTX, QURE… Update-1
Update-1 A bit of a sell-off in gene therapy but MGTX at new highs at $29.44. Profit taking on Sarepta down 3.84% to $150.59. Roche (RHHBY) and Merck (MRK) near new highs. Mid-caps mixed but Novacure (NVCR) rally 3.27% toward new highs. One of our top picks Amarin (AMRN) from the JPMorgan...
Crazy Stealth Biotech Rally Today, IPOs Strong in Healthcare
Crazy Stealth Biotech Rally in Small Caps-Who Gave the Buy Signal? NASDAQ up 0.73%, XLV up 0.70 %. MedTech and Dx/Tools also green. IWM up 1.88% to $153.63 up 14% YTD, lagging XBI up 20.7% YTD. Volatile market for traders in small caps. It was a green screen for small caps and the more...
Biotech Stocks Muddled by Macro and Momentum is Missing…Update-2 rally day
Update-2... 6/27 2p EDT...Good day for gene therapy stocks My longs CRSP and MGTX are up. Looking better all across the screen in biopharma. Added to ABBV and XNCR yesterday. XBI up but still under $86. Update-1... Another Big Deal in Biotech in a weak biopharma sector Stock picking more...
M&A Makes A Rally Day in Biotech-Risk On…Update-3
Update-3. Red screen day, post after close, macro intervening again. BMY/CELG delayed on Otezla divestiture. Update -2 ...Week Ending 6/21-Biotech stocks up for the week but momentum easing. XBI up 1.2% to $87.26, off Wednesday highs. IBB up .2.2% to $109.45 QQQ up 1.6% to $188.62. Gene Therapy...