Baby Biotech

We’ve seen the iShares Biotech Index $IBB have quite a run lately. The big names like $AMGN, $CELG, $GILD and others in the space have had some beautiful breakouts. Most, if not all of those names are still technically constructive and just appear to be taking a breather.

iShares Biotech
iShares Biotech

What usually happens with these scenarios is a migration to the smaller names. Below are some of the junior biotech stocks that are getting some serious love lately and look higher. Please keep in mind that these names can also be “widow makers”, so be careful and use your stops. I am long MELA and KERX and may look to enter some others at better prices.

$MELA

MELA
MELA

$KERX

KERX
KERX

$AMLN

AMLN
AMLN

$HGSI

HGSI
HGSI

My Premium Users are having a phenomenal month so far, if you would like to see more sets ups like these, with more specific advice or  to request January performance, please email: [email protected]

……..or join here

Previous Post
The Wrap 1/30/12
Next Post
Two Stocks I Shorted Today

Recent Articles