We’ve seen the iShares Biotech Index $IBB have quite a run lately. The big names like $AMGN, $CELG, $GILD and others in the space have had some beautiful breakouts. Most, if not all of those names are still technically constructive and just appear to be taking a breather.
What usually happens with these scenarios is a migration to the smaller names. Below are some of the junior biotech stocks that are getting some serious love lately and look higher. Please keep in mind that these names can also be “widow makers”, so be careful and use your stops. I am long MELA and KERX and may look to enter some others at better prices.
$MELA
$KERX
$AMLN
$HGSI
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