Top market technician says the biotech breakout is just getting started

📆 01/07/2019 23:31:00
📰 CNBC

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 72%

España Noticias Noticias

España Últimas Noticias,España Titulares

Despite health care's 2019 woes, one top technician says there are clear signs that a big breakout in one piece of the health-care trade is finally coming to life.

is up 13% — almost double the broader health-care space. Cornerstone Macro's Carter Worth says the biotech breakout isn't over yet.

"The 150-day moving average is actually inflecting upward for the first time in about two-plus years," he said. That's an appealing setup to my eye, and I think it's a good place to be long in an otherwise languishing area of the market."

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Have your stupid biotech wave while you can before we get some more humans in office to legalize studying cannabis and other unstudied drugs.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

The 10 Top-Performing Stocks Of 2019Take a look at the ten stocks that have shown the greatest returns this year to date. bitcoin is a better investment! I prefer bitcoin!
Fuente: Forbes - 🏆 394. / 53 Leer más »