November 1, 2018

GERN Leads the Way In Biotech Today

Overall, healthcare and biotech were both up today, with biotech being the biggest gainer. IBB, the biotechnology ETF, was up nearly 3% today, whereas the overall healthcare sector ETF XLV was up about 0.70% as of the time of recording this content. This marks a sharp change of sentiment, since XLV has been more bullish overall for the last three quarters than has biotech, suggesting the biotechs are being bought up on the lows after sharply declining in October. GERN was a particularly bullish case today, trading up over 17% during the session. Here’s a recap of what happened.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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