Critical Levels of Support in Biotech Stocks

[BiotechBreakouts] Hello Trader, Yesterday the overall market, SPDR S&P 500 ETF (SPY), was up 0.25% on the day, while the Health Care Select Sector SPDR Fund (XLV) was down 0.99%. The IBB ETF was down 2.99%. Health care and biotech stocks were the weakest industries yesterday, led lower, predominantly, by a few stocks. MRNA continued its pullback, coming off a further 15.64% and now 22.55% off the 52w high. BNTX was down 13.76% yesterday and off 22.59% from its 52w high. PFE pulled back 3.9% yesterday and now finds itself down 4.65% from the high it put in two days ago. [image] In the above map, from [Finviz,]( it is clear that while the overall market was mainly green, stocks in the healthcare and drug manufacturers sector were relatively weak. [image] With this bubble chart from [Finviz,]( it is more apparent that most large-cap health care stocks were negative on the day. Weakness in large-cap healthcare stocks like PFE, LLY, DXCM, PRGO, ANTM, and UNH dragged the entire sector lower. MRNA was by far the weakest S&P 500 healthcare stock, for the second day in a row, with the stock being down 15.64%. With the relative weakness in popular healthcare stocks, I want to go over crucial support levels in a few names to prepare for a possible bounce trade. [Click here to continue…]( Biotech Breakouts Research Team P.S. For a limited time, we’ve slashed the price of the Biotech Breakouts considerably—[for the first 50 traders who act.]( P.P.S. [Supply is limited—don’t miss this opportunity!]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at [( FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. RESULTS PRESENTED NOT TYPICAL OR VERIFIED.RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial.However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of [Ragingbull.com](, LLC are paid in whole or in part by commission based on their sales of Services to subscribers. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, [Ragingbull.com](, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication. If you have a current active subscription with Biotech Breakouts you will need to contact us [here]( if you want to cancel your subscription. Opting out of emails does not remove you from your service at BiotechBreakouts.com. [Unsubscribe]( RagingBull.com, LLC 62 Calef Hwy #233 Lee, New Hampshire 03861 United States (833) 265-1271