Biotech Breakdown: Market Still Pulling Back (11/12/15)

Market Analysis

  • S&P fell down to its channel support twice this week and bounced both times
  • DOW hit its up channel resistance yesterday
  • Nasdaq holding steady below all-time high


  • IBB declined back towards its 50MA
  • ICPT got hit hard
  • PBYI broke back below 80
  • RDUS still sitting under trendline resistance
  • VRX broke lower
  • KITE still holding on strong
Posted to The Biotech Trader on Nov 12, 2015 — 9:11 AM
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