CosmicDust

IBB daily - retest 200 DMA - 10/2/2015

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
ibb
18 1 1
ibb
After a double bottoming, it appears to be working on retesting 200 DMA (10% gain from current level). If it fails there , it will be a good short candidate (BIS, good or bad idea?)
You could be right, especially if the descending trendline meets the 200 DMA at the same price.
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