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Biotech Stocks About to Make a Seasonal Move Higher? Here's How to Spot a Breakout

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S&P 500 News

Ishares Biotechnology ETF

Stocks Analysis by Michele Schneider covering: S&P 500, iShares Biotechnology ETF. Read Michele Schneider's latest article on Investing.com

My weekend comments were, “IBB remains stuck in its weekly trading range. Remember, the longer the range sustains, the better the move out of it tends to be. IBB gets interesting over 150.”The July 6-month calendar range high and low .) this weekend, and the checkout person overheard me talking about buying toilet paper, or not buying it as they were out of Charmin.

What resonated with me was not the public hoarding mentality, but rather, the return of winter ills and chills.In the list of indicators, I draw your attention to Leadership. Now, a golden or bull cross looks like it’s ready to reemerge -with the price not too far from the moving averages for a relatively low risk.Scan QR code to install app

 

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