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Biotech in Potent Recovery Rally
By Mike Paulenoff | Published  08/16/2006 | Stocks | Unrated
Biotech in Potent Recovery Rally

 

Todayââ,¬â"¢s strength in the BBH (Biotech HOLDRs) argues strongly in both my near- and intermediate-term work that the price structure is heading for a confrontation with a three-month resistance band 181-82.

 

 

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.