November 26, 2018

Strength Evident In the Biotech Sector

The equities markets were quite erratic today, with the major indexes mostly trading in a narrow range. The healthcare sector ETF XLV was up about +1% for the session, and the biotech ETF IBB was up +1.39%, once again showing stronger recovery in biotech versus the overall healthcare sector. However, both ETFs traded in narrow ranges after gapping higher. Meanwhile, strong price movement was seen in EDGE, BIOS, and NVAX. Here’s a recap of today’s action.

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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