The Traderszone Network

Published in TZ Latest News 4 March, 2015 by The TZ Newswire Staff

Good Biotech Action- 3 New Setups Tonight

The SPX lost about nine points today, tested the 20 day moving average but then bounced to close above it.  Essentially the markets in general bottomed about 10:30 then managed a slow move off the lows.

Three was some very good action in biotech today even though the IBB itself was only +0.65%,  Stocks like CLDX, ICPT, PCYC and NLNK had stellar moves. After the close it was disclosed that JNJ is in late stage talks to buy PCYC. The later jumped $20 in aftermarket trading.

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