Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Is Bio-Tech Creating A Head & Shoulders Topping Pattern?

Courtesy of Chris Kimble

Biotech ETF (IBB) has performed better than the S&P 500, by nearly 9% this year, which sends a short-term bullish message.

The same positive performance message can not be said for IBB over the past 5-years, as it lags the S&P 500 by more than 50% since the 2011 highs.

Is this long-term under-performance for Biotech stocks about to come to an end? We should find out very soon.

IBB is currently testing 2011 highs over the past four months, where it is possible it is creating a short-term “Head & Shoulders” topping pattern.

What would IBB have to do to eliminate the potential topping pattern? A close above $150 would end this pattern and suggest that is 2020 relative strength will continue.

Keep a close eye on IBB over the next few weeks, as its price action should send an important short and long-term price message!

To become a member of Kimble Charting Solutions, click here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!