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2bigbrowndogs
Mar 20, 2016 6:45 PM

Speaking of IBB..Watching for bullish confirmation. Long

iShares Biotechnology ETFNASDAQ

Description

We had a double bottom off a long term trend line, which coincides with the 200 on the weekly's. Stock and Macd look great on all charts. Looks like friday was a bullish reversal that needs confirmation. A close above the 8ema at around 254 would be a good confirmation. Target is somewhere between 265 and 271.
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