Biotechs are flying lately and I've made some pretty good gains on SVA,NBIX,an DNA. Here are few others on my watchlist.
BCRX has had a pretty deep pullback, and violated the previous trendline. It reclaimed the 50 days sma and held. With Bird flu hype once again perking up, I would keep an eye on them. Could retrace as per chart.
GILD has had a rocky few days, but has managed to hold the upper channel it just recently broke in to. This show me there are a lot of buyers waiting. This can be a very risky play with the controversy surrounding tamiflu, so I would not jump in head first. I am debating the entry on this, but a clear stop is the trendline.
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