The Closing Print live trading and financial blog during market hours.

Biotech stocks from the (IBB) index are rallying this week following a bullish run that started more than 4 weeks ago. Additional ETFs, XBI and LABU show similar results.

iShares Biotechnology ETF Holdings

Amgen (AMGN) reported earnings last night, currently (-1.05%) lower in early trading, while Moderna (MRNA), Illumina (ILMN), Biontech (BNTX) and Vertex Pharmaceuticals (VRTX) offset by rising more than (6.00%) collectively this morning.

Watch for strength through the remainder of the week.

Click to enlarge charts.


We’re looking for this group to follow through, in addition to XBI and LABU.

Click to enlarge charts.





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