Biotech Breakdown: Market Declining, Biotech Rallying (5/29/15)

Market Analysis

  • S&P falling back from 2125
  • DOW pulling back down after testing 18200
  • Nasdaq and Russell have yet to hit new highs
  • Transports are declining in correction territory
  • NYSE advance/decline line didn't confirm NYSE's recent high

Biotech

  • IBB continues to rally higher
  • MNKD reclaimed the 5 mark
  • ADRO could still be a play near 32
  • Still watching RDUS for a move above 50
  • ICPT testing 252-53 area again
  • KITE breaking out of its wedge
  • BLUE hits new highs
Posted to The Biotech Trader on May 29, 2015 — 10:05 AM
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