IBB and Biotech funds seem to have ended their correction (see a floor somewhat established) and picking round 5-10% last month. Also new record highs for the S&P, helped by healthcare and basic materials was made recently. If you look at the yearly charts for IBB and other, you can easily see that biotech did go out of hand at the start of the year and got corrected , but is still in line with the upwards trending line. So is biotech and healthcare taking a turn?
Submitted May 31, 2014 at 06:20AM by touse http://ift.tt/1mVj6T0
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