+1.29%Price Rebound Comparing Fridayâs (1/22) Low To Close
As youâll see, Fridayâs action was very different in biotech stocks compared to broader sector stocks. The IBB outperformed both the Nasdaq QQQ and S&P 500 SPY by a wide margin. Something else to note is that it did so even with much lighter volume than the ETF had seen in previous trading sessions. If you look at how many shares traded on January 19th, compared to the 22nd, the ETFs 1.29% rebound came with far less market action. How much less?
On Monday, the IBB traded 4.84 million shares and moved up 1.29% from its low to its closing price. Friday, the IBB only traded 1.37 million shares but recorded that 1.29% rebound in price. Considering that it was lower volume during the 3-day consolidation in the IBB, could this be a sign of a new reversal trend? Weâll have to see how things fair this week. Top Biotech Penny Stocks To Buy [or avoid]
+1.29%Price Rebound Comparing Fridayâs (1/22) Low To Close
As youâll see, Fridayâs action was very different in biotech stocks compared to broader sector stocks. The IBB outperformed both the Nasdaq QQQ and S&P 500 SPY by a wide margin. Something else to note is that it did so even with much lighter volume than the ETF had seen in previous trading sessions. If you look at how many shares traded on January 19th, compared to the 22nd, the ETFs 1.29% rebound came with far less market action. How much less?
On Monday, the IBB traded 4.84 million shares and moved up 1.29% from its low to its closing price. Friday, the IBB only traded 1.37 million shares but recorded that 1.29% rebound in price. Considering that it was lower volume during the 3-day consolidation in the IBB, could this be a sign of a new reversal trend? Weâll have to see how things fair this week. Top Biotech Penny Stocks To Buy [or avoid]