The stock market has turned higher and investors are looking for winners.
In short, winners are stocks or sectors that are in an up-trend or breaking out.
One sector has yet to do either over the past 8 months is the Biotechnology Sector (XBI).
However, XBI has bumped up against major price resistance… and if it can breakout above this level it would be bullish.
Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.
I am an Investors Business Daily (IBD) partner and promote the use of their products. The entire platform offers a good mix of tools, education, and technical and fundamental data.
$XBI Biotechnology Sector ETF Chart
It is great when a picture says it all. Investing is often about keeping it simple.
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
