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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: nokomis who wrote (101008)6/7/2000 11:07:00 AM
From: Jenna  Read Replies (3) of 120523
 
ONXX..CELG biotech that seems to be bucking the trend.. nice chart & stochastic breakouts. I'm just looking around for a barometer here. Nice move with strong volume. RSI bullish divergence in last 2 weeks.

I don't stay long the biotechs for more than a swing trade except ALKS and VRTX, which I happen not to be in now. You never know with this sector what will come out of the water to knock the stocks out of upward momentum, but something always does.
If the biotechs turn positive CELG, an ex-longer term hold might be the way to turn.
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