|Day Low/High||25.55 / 27.54|
|52 Wk Low/High||24.61 / 52.49|
Let's review the charts of Allakos and Global Blood Therapeutics.
GBT is dedicated to discovering, developing, and commercializing ways to treat blood disorders.
The planned acquisition of The Medicines Company by Novartis spurs prospects of other deals in the drug business.
The market may need some rest and consolidation, but that doesn't mean it will produce a lot of downside.
This looks like a normal pause within an uptrend.
China trade issue is no longer dominating the action.
There is no respite today from the poor price action in individual stocks.
I still believe it will be a big year for buyouts across the biotech industry.
If the market wanted an excuse to sell off it had it.
Apple in particular is helping the bullish cause.
If there is any good news on trade the potential for more market upside is strong.
The market is down across the board as one might expect given escalating trade tensions today. However, losses are slight in this context in the first hour of trading. Given the option expiration date, volatility could pick up later in the day. Some...
You don't have to 'believe' in technical analysis to use it to set your exit and entry points.
There is no question that we are becoming extended and ripe for some profit taking.
Overall it is still a positive day but the action is sloppy.
No matter what happens with Iran, it is not going to be a major market positive.
These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
It is important to note that watching for a reversal is much different than being short.
The bears are likely to be increasingly bold if there's a failed bounce.
It would be a longer-term positive if the overbought conditions are alleviated.
You have to wonder how much longer we can run without a pullback of at least 2%.
Markets are down across the board in the first hour of trading. However, we are nicely off the lows of the day. Financials are bucking the early downward tilt of the market and are up today. This sector continues to benefit from slowly rising intere...
There is still a very strong appetite for individual stocks with momentum.