Biotech Breakout Alert: $IBB Approaches Key Level Biotechnology has quiet possibly been the weakest sector over the last six months, underperforming almost everything else by a ton. However, there may be light at the end of the tunnel. The $IBB (biotech ETF) is nearing a key breakout above the daily 50MA on the daily chart. Should it close above today, a short squeeze could begin in the coming days. Upside max target would be $300.00. Please note the chart below and remember, it MUST close above the 50 day moving average. Gareth Soloway InTheMoneyStocks
TWTR Breaks Through Key Gap Window: Target Revealed Twitter Inc. broke a key support today. The stock had been trading in a 7% range ($15-$14) for the last month. Today it broke out to the upside. Note the chart below. This shows that the stock may be headed for the gap fill of $17.75. The stock chart is key it deciding whether to go long or short. In this case the chart is bullish with solid upside projected. Gareth Soloway InTheMoneyStocks.com
$ZFGN Stock Price Soars If This Clears... Zafgen Inc (NASDAQ:ZFGN) is a small cap biotech. The chart is bullish and price action is attempting a breakout. Notice the seller keeping the price down on the level II? Should that seller clear (buyers buy all those shares), the stock should begin a pop dramatically higher. Upside to $8.50 is likely. Gareth Soloway InTheMoneyStocks.com