News Formal

Biotech stocks are going wild, and these two could be your best bet for a bigger breakout

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Biotech is blazing higher. One technician says it should continue to be a healthy trade.

div > div.group > p:first-child"> The IBB biotechnology ETF is on track for its best quarter in six years, adding 19 percent in a rally twice as steep as the gains on the XLV health care ETF.

"For a lot of investors, they're trying to play catch-up at this point in time, and they're going to continue to play these risk assets," Johnson said Friday on CNBC's"Trading Nation.""We still see decent upside from here to go — perhaps about 6 percent higher from here, maybe as high as 13 percent higher.""One of the names that looks pretty good to us is Regeneron," Johnson said.

John Petrides, portfolio manager at Point View Wealth Manager, has a different pick for biotech stock ready to race higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft is using a controversial new stock structure in its IPO that will let its founders keep 'significant control' of the companyOne share for one vote is no longer the case among tech unicorns who go public.
Source: BusinessInsider - 🏆 729. / 51 Read more »