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Is Biotech Finally Ready To Move Higher?

Summary

Broader market rally to new highs has raised the probability of a Biotechnology breakout.

After a nearly 6-month trading range consolidation, the sector appears poised to make an attempt towards new YTD highs.

Earnings season can be the catalyst to push the sector higher and past its previous high-point.

If no adverse healthcare policy news is generated at the Democratic convention, and earnings from industry leaders are on-track, the Biotechnology sector can see new highs shortly.

Source: Getty Images;...

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