Biotechnology and Drug - Generic Sectors are showing even more attention after Valeant Pharmaceuticals have had an amizing panic drop for its results on earnings and expectations. Spy closed higher today now at 204 price range and getting close to the 205 price core. Lots of hype in small caps, news coming out signaling positive sentiment on these caps and presenting investors as thier actual preference in market investments. Phase 2-3 trials or hot news right now, any positive results on Biotechs are managing interesting parabolic runs. Markets opened, went red and recovered, same as all these week days have shown, so markets are having great support and hype and taking the FED to decide to back off their interest rate hike idea in global growth. Checking premarkets for more positive or negative news as smooth action has been showed towards the fundamental expectations.
I orginized the above table by volume, highest to lowest, all information from finviz.com. I filter and group catalysts as to share public information but no recomendation to buy or sell any of these stocks. Price action dictates and plan your trades accordingly, dont over trade nor use bigger positions if uncertain. Patience is key for entry and let winners run for as much as conviction allows you, taking partials along the way.
www.finviz.com - Free scanner
@slopezsu - tweeter
Safe trading!
Join now or log in to leave a comment