Top market technician says the biotech breakout is just getting started

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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."

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »