I4
Short

CELG and other Biotech companies appear to be rolling over.

I4  
NASDAQ:CELG   CELGENE CORPORATION
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2
70 2
With some of the biggest Biotech companies appearing to be forming topping formations, and the possibly of a further overall market correction, Biotech's could be hit hard as most valuations signal overvalued conditions.
Wow, almost all the trendlines I drew got move. I originally had the chart on LOG, I guess it switched to arithmetic when I posted it.
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The shorter support trendline forming the rising wedge got out of place, IDK why.
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