Opportunities For Investors Beyond AI and Nvidia – Biotech Breaks Out, New GDP Data Shows Inflation Pressure
Published by
Benzinga
Benzinga
To gain an edge, this is what you need to know today. Biotech BreakoutPlease click here for an enlarged version of the chart of SPDR S&P Biotech ETF (ARCA: XBI). Note the following: The chart shows biotech has broken out.The chart shows the move up was on high volume, indicating conviction in the move.The chart shows when XBI was in the Arora buy zone. This represents a 54% gain in about four months. XBI is in the ZYX Allocation Core Model Portfolio by The Arora Report.RSI on the chart shows that biotech is overbought.The breakout in biotech shows there are opportunities for investors beyond A…