Is the Biotech Sector Preparing for Another Major Rally? -- Watch This Chart

Is the Biotech Sector Preparing for Another Major Rally? -- Watch This Chart


Biotechnology stocks had an incredible run between 2012 and 2015, and the iShares Nasdaq Biotechnology ETF was up 395% in that time. After making the record high, however, the space came under pressure and the fund dropped below its 40-week moving average, eventually retracing 50% of its historic rally before finding support in the $240.00 area.



from Biotech News