So, today the small caps index (RUT) (IWM) breaks out to all time highs, and the same for the Nasdaq Biotech Index (NBI) (IBB). The S&P Biotech Index ($SPSIBI) (XBI) was already up there. This has the potential to become a melt up, if volume breadth accelerates. …it is all ‘blue sky’.
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small cap stocks and biotech stocks
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ARE BIOTECH STOCKS IN A BUBBLE?ARE BIOTECH STOCKS IN A BUBBLE?This is a question that is being asked. According to an article by Bloomberg (Biotech Index in Nosebleed Territory – Up 500% In 4-years, Trades At 10X Revenues – Bloomberg Business, March 8, 2015) the 269 Biotech companies that are listed on the NASDAQ are up more than 500% […]
Are Biotech Stocks in a Bubble?By: David Chapman | Thu, Apr 23, 2015SharePrintEmailCharts created using Omega TradeStation 2000i. Chart data supplied by Dial DataAre Biotech stocks in a bubble? This is a question that is being asked. According to an article by Bloomberg (Biotech Index in Nosebleed Territory – Up 500% In 4-years, Trades At 10X Revenues – Bloomberg Business, […]
