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Trading Strategy –  iShares Nasdaq Biotechnology ETF

  Biotech caught a bid Friday after Biogen announced positive results from a study on a drug aimed at treating early Alzheimer’s disease, its shares rose nearly 20 percent.  The iShares Nasdaq Biotechnology ETF (IBB) surged 3.8 percent, bringing its YTD gains up to nearly 9 percent, outperformed the S&P by a wide margin.  Now …[read more]

Trading Strategy – iShares Nasdaq Biotechnology ETF

  One of the more noteworthy developments in recent days has been the move in biotech.  The iShares Nasdaq Biotechnology ETF (IBB) now up about 12% from its November lows to trade at 112, near two-year nigh.  Not only is that IBB overbought following recent advance, the ETF also drawing the attention of bears.  Now …[read more]

Trading Strategy – iShares Nasdaq Biotechnology ETF

  Healthcare stocks come back into the spotlight following report that Senate Majority Leader Mitch McConnell plans to bring a last-ditch bill to repeal and replace big parts of Obamacare to a vote in the Senate next week. The iShares Nasdaq Biotechnology ETF (IBB) rose 0.85 percent to 332.75. The ETF has risen more than …[read more]

Trading Strategy –  iShares NASDAQ Biotechnology ETF

  iShares NASDAQ Biotechnology ETF (IBB) printed a fresh 52-week high Thursday, up 1.03 percent to 322.92. Now the question is whether the rally has some legs? According to our “U.S. Market Trading Map”, there could be more gains ahead for the ETF. Below is an update look at a trade in IBB. The graphic …[read more]

Trading Strategy - iShares Nasdaq Biotechnology

  The iShares Nasdaq Biotechnology ETF (IBB) surged 5.99% Wednesday, its best day since March 12, 2009.  Below is an update look at a trade in IBB. The graphics below are from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend …[read more]

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