ARTICLE SYNOPSIS...Biotechs are a key part of the Nasdaq index. The Nasdaq has broken out of its consolidation and its strength will naturally rub off on those constituent sectors that were also consolidating. The biotech index is one such sector and new 52 week highs ar
ARTICLE SYNOPSIS...An Elliott wave analysis of the consolidation in biotechnology stocks underscores the potential for weakness.
ARTICLE SYNOPSIS...In Q1-2104, biotech companies are up nearly 15% YTD. But they were up nearly 35%. What happened?