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How One Analyst Is Playing The Biotech Rebound This Week

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It's been a good week for biotech stocks, with the industry posting its biggest gains in seven years.

Gilead Sciences, Inc. GILD 1.92%, Biogen Inc. BIIB 2.34%, Celgene Corporation CELG 1.03%, Merck & Company, Inc. MRK 0.38% and Pfizer, Inc. PFE 0.52%, all rallied, not to mention the iShares Nasdaq Biotechnology Index Fund IBB 1.78% is up 40 points in the last three weeks after a 27 percent drop to start 2016.

All of a sudden, sentiment on the industry has started to shift.

Sean Udall, the Tech Stock Strategist and CIO of Quantum Trading Strategies, is one of the people who foresaw this recent run.

"I look for stuff...