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#NBI #Nasdaq Biotechnology correcting after latest results

INDEX:NBI   Nasdaq Biotechnology Index
The Nasdaq Biotechnology rallied more than 4% on last week to a new all-time high. The NBI             has seen two big plunges this year, including a 10% correction in April. Despite these zigzags, the trend is up. Earlier on Thursday, the Nasdaq crossed its previous intraday high set in March 2000.
Now near the 4000 points, expect a correction in the next days for returning to moving average (100, close) or to 38.2% Fib extension

Biotech stocks are at a record high http://read.bi/1ImLMMB
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