Bitoech Surges

06/04/2009 10:13 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The biotechnology sector was strong Wednesday (June 3) as one of the few sectors in positive territory. From the chart, we can see that the sector has been range-bound since the March lows. The daily downtrend is at 930 with the 200-day MA in the 950 area. There is now strong support in the 850-870 area.

Related Articles on STOCKS

Keyword Image
Enbridge: "Back to Boring"
6 hours ago

Boring is good when it comes to utility stocks. It implies steady revenues, rising dividends, and a ...