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Biotech / Medical : Biotech - Technical Analysis

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To: keokalani'nui who wrote (441)6/25/2002 9:50:34 PM
From: Jibacoa  Read Replies (1) of 544
 
The IBB has been on a down trend since late March when it broke below the 78 level.

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As you said the down-trend resembles the one from IBM.

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One problem with the IBB is that AMGN represents 17.16% of the index and with other 10 stocks: IMNX(5.6%),GILD(4.39%),
MEDI(3.52%),CHIR (3.35%),BGEN (2.99 %),SCIO(2.65%),IDPH(2.57%)QGENF(2.24%),GENZ(2.14%)and NBIX(2.01% )they account for 50%, since the other 64 stocks represent a relative small %.

And of course both IBM and IBB have been under-performing the NAZ and the DOW since late March.

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RAGL

Bernard
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