written by reader What Happened to Biotech on December 28?

by xiexgp@gmail.com | February 25, 2013 10:03 am

Would you PLEASE give me your best observations re WHAT was happening wrt to Biotechs LAST Dec 28th ?

Look at ^NDX, Biotech MARKET INDEX,
BIB, a Biotech ETF,
RYOIX, a Biotech Sector Fund

The Stock Charts and Historical Prices bring out the SALIENT POINT:

All THREE hit rock bottom PRECISELY on Dec 28th!

Since ^NDX (the Market Index) was in this group, the implication is: ALL OTHER Biotechs behaved the SAME WAY on Dec 28th!

What was “UNIQUE” about Dec 28th ?

Source URL: https://www.stockgumshoe.com/2013/02/microblog-what-happened-to-biotech-on-december-28/

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