Actionable news
0
All posts from Actionable news
Actionable news in IBB: iShares NASDAQ Biotechnology Index Fund,

The IShares Nasdaq Biotechnology ETF Clings To Support After Reversing Breakout

At the current pace of trading The iShares Nasdaq Biotechnology ETF (IBB) will not likely recover its losses from the “Clinton Bash” before the November elections.

The iShares Nasdaq Biotechnology ETF (IBB) failed to build on its momentum from last month’s breakout from consolidation. IBB is now clinging to support at its 50-day moving average (DMA).

The iShares Nasdaq Biotechnology ETF (IBB) is still struggling to sustain some momentum.

Source: FreeStockCharts.com

After I wrote about buying IBB with confidence, I managed to make one winning and one losing trade using call options to net roughly even. The lack of sustained momentum hurt last week’s attempt. As IBB struggled...


More