Healthcare

2 Biotech Pullback Targets Real Money Pro($)

Acadia and Neurocrine both have catalysts for growth; buy any weakness.
But it is not without some pain.
These stocks should be part of a strong first-quarter earnings season.
The stock keeps moving upwards, despite worries over pricing in biotech.
Their overseas business has been carrying them.
Both the headlines and the technical patterns are supportive of downside, but the dip buyers held things steady, and are inching back in.
The refusal to gap down at the open was probably a short-term negative.
Currency manipulation, dumping and intellectual property are crucial themes for the meeting.
The stock could have a meaningful bounce in this downtrend, but it is unlikely to reverse things overnight.
It will probably take a close above $38 to turn the chart more bullish.

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