Biotech Breakdown: Market Reversal Should Lead To Lower Prices (9/18/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Reversal Should Lead To Lower Prices (9/18/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P formed shooting star yesterday, declining as one would expect today
DOW also reversed lower
Nasdaq reversal formed at 50MA, 200MA and 4900 level

Biotech

IBB holding up well today
RDUS between 70 and 75
VRX pushed through 238 resistance
REGN testing trendline for the 3rd time
AGIO rallying higher off its 90 level
BLUE making a move above 140

Tickers: SPX IBB COMP AGIO VRX BLUE REGN RDUS

Posted to The Biotech Trader on Sep 18, 2015 — 10:09 AM

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