Bitoech Surges

06/04/2009 10:13 am EST


Thomas Aspray

, Professional Trader & Analyst

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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.

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