Biotech Breakdown: Market Looks Sketchy, IBB Doing Well (4/17/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Looks Sketchy, IBB Doing Well (4/17/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P pushed through triangle resistance twice, but failed to hold it
DOW also pushed through its triangle resistance, but it did hold
S&P didn't confirm DOW's new recovery high yesterday

Biotech

IBB paused again yesterday, should move higher if the market does
JAZZ approaches major resistance
KITE at trendline resistance
ICPT closed under triangle support, should be moving lower
Other stocks: ALNY, BLUE, ANAC, PCRX

Tickers: SPX IBB COMP JAZZ PCRX KITE ICPT BLUE ALNY ANAC

Posted to The Biotech Trader on Apr 17, 2015 — 9:04 AM

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