With renewed talks from the POTUS regarding drug pricing, let’s review some charts for the biotech technology sector. Specifically, I am going to analyze the charts for the iShares NASDAQ Biotechnology ETF (IBB). Are the talks coming out of the White House going to slow down any potential rebounds for...
Valeant Pharmaceuticals (VRX) There was a question somewhat recently in the Idea Chamber about the price action for Valeant Pharmaceuticals (VRX). It was noted that VRX’s price was rising on buying volume that was higher than the typical trading volume. It turns out that VRX had a new drug approved,...
The iShares NASDAQ Biotechnology Index Fund (IBB) had one of its largest percentage gains in history. This came immediately after the election results. This huge gap-up of over 8% developed at the possible beginning of a new uptrend. One thing Trendy Stock Chart members have witnessed first-hand – the financial...
iShares Nasdaq Biotechnology Index Fund (IBB) Before I look at some individual charts for biotechnology stocks, I figured it was better to first look at the index as a whole and see if we can get a sense of the probable direction of the sector for the next few months....
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