Biotech Breakdown: Market In Decline, IBB Holds The Line (7/3/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market In Decline, IBB Holds The Line (7/3/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P rally may be over, but regardless, overall move appears to be down
DOW rally, IF it continues, should make it to 18K
Nasdaq stalling at prior triangle trendline
Transports continue to be weak

Biotech

IBB held 368 breakout point again, but breakdown may be imminent
REGN falling towards 500
ALNY and ESPR approaching trendlines as well
XON approaching 45
SCMP pulled back hard from 17.50
NBIX appears to be dropping back to 45
Watch KITE at 66

Posted to The Biotech Trader on Jul 03, 2015 — 11:07 AM

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