• Biotech experiences a major breakout, but technician makes warning

    5 monthes ago - By ETF Daily News

    From Annie Pei : Biotech's looking like a healthy bet these days.
    Since hitting its lows on Dec. 26, the group had soared more than 20 percent as of Friday, and was posting its best start to a year since 2012. And according to Washington Crossing Advisors portfolio manager Chad Morganlander, the good times are set to roll on.
    “You could see a bit of an underperformance in the short run, but when you look six to 12 months, we would be buyers of the biotech index,” Morganlander said Friday on CNBC's “Trading Nation.” “We believe they're going to continue to grow on the top line well above...
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