If Biotech Wants New Highs, Then This Has To Happen

Enough flirting with more highs for this thing they call the IBB. If a breakout is to happen, then the Ferrari’s have to step up and stop acting like Pinto’s.  The four horseman of IBB include: GILD (#1) AMGN (#2) BIIB (#3) REGN (#4) and CELG (#5).  So these are top 5 in the IBB weighting.

All of these names are chart challenged ( exception GILD), and  right now need to start acting better.  Maybe they are bottoming. We’ll see, but it will certainly be an interesting second half for my favorite group.

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