The market staged an impressive 10.71% rally in the last 10 trading days. It took 65 trading days to decline 20.21% from the September top to the December low. The S&P 500 December price low was right at the 200-week moving average, meaning the price was at the maximum pain level for the long term bulls.
We at Pricentime.com run daily, weekly and monthly scanners to search for stocks that are ready to take off. The focus of the search is the study of price and volume information in the given stocks to predict pending movements. We also scan unusual option activities to find winners.
We at Pricentime.com run daily, weekly and monthly scanners to search for stocks that are ready to take off. The focus of the search is the study of price and volume information in the given stocks to predict pending movements. We also scan unusual option activities to find winners.
Biotech sector has been the shining star since November 2008. It bottomed earlier than the general market’s crisis low in March 2009. The rally finally was stopped in July 2015. It has been range bound since February to August 2016. The election rally didn’t breakout the August 2016 high. Right now it is in the 10th week of the weekly cycle that
