ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND NASDAQ:​IBB

IBB breat above pivot (red). 200 MA also passed. Bought some 2019 calls. Target is the green pivot.

On Friday's Options Action, the crew analyzed the performance of the biotech sector. Large cap biotech stocks have underperformed small cap over the past few years and started to show signs of outperformance lately. Many of the larger cap biotech names have very cheap valuations and have bottomed over the past few weeks. Coupled with the bullish channel on IBB ...

IBB(daily chart). BAMM, Bearish Bat.

IBB breaking above trendline

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The weekly & monthly on $IBB still looks intact to me. Since the sentiment is overly bearish I think I should think on the contrarian. Weekly and Monthly approaching this 100D SMA and it may take some time but I would keep this as a side chart or block scan alert

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IBB still holding the trend and rouhgly $113 support

PFE brought down the whole XLV today. This is logically the point where sellers poke their heads up.

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Put your mortgage on it. $125 by 2Q

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the price its contained between two downward sloping parallel lines.

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