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Biotechnology Index

 
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arthur
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PostPosted: Mon Dec 13, 2004 9:41 pm    Post subject: Biotechnology Index Reply with quote

The BTK, Biotech Index, may be about to breakout. BTK created a bullish inverse head & shoulders pattern. Also, there is strong support at the 50 and 200 day MAs. AMGN is the largest biotech in the world and consolidated for some time earlier this year. So, AMGN or BBH (a biotech ETF) calls may be buys, on small pullbacks.

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