Have Biotechs Broken Their Downtrend?
Stocks Face Major Uncertainty as War Erupts
Stocks face massive uncertainty as war erupts in the Middle East, threatening global oil supplies.
Individuals
Institutional
Call toll-free 800.328.1267
Market Insights
Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.
David Russell
June 4, 2025
Biotechnology stocks have struggled this year along with the broader health-care sector, but some traders may think a bullish turn has begun.
The first pattern on today’s chart of the Nasdaq Biotechnology Index is the series of lower highs since early April. NBI closed above that falling trendline yesterday, which may signal …
For more, please click here to view the related idea and chart analysis on TradingView.
Nasdaq Biotechnology Index, daily chart, with selected patterns and indicators, courtesy of TradingView.
About the author
Related stories
Stocks Refuse to Break Before Nvidia Earnings
Stocks are holding their ground before the biggest company reports earnings.
Can Anything Stop General Motors?
General Motors has quietly outperformed for months, and traders may think the auto giant still has gas in the tank.