Biotech Breakdown: Markets Break Down, Biotech Stocks Holding On (12/12/14)

Market Analysis

  • S&P breaks trendline support, now testing "internal" trendline
  • Nasdaq failed to confirm last week's DOW and S&P highs
  • Same thing with the NYSE Composite

Biotech

  • IBB has outperformed, but starting to lose a bit of ground
  • BIIB stuck between 340-350
  • KITE breaks out
  • ISIS hits a new 52-week high
  • Other stocks discussed: INCY, ICPT, NLNK, NWBO
Posted to The Biotech Trader on Dec 12, 2014 — 10:12 AM
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