The Biotechnology stocks dominated todays watchlist scans with multiple stocks from the group in position for potential continuation breakout attempts in early Stage 2 or from within Stage 1 base structures, after consolidating and pulling back for the last month.
XBI is one of the major ETFs from the group and has pulled back to test its 30 week MA and rebounded at the shorter-term 50 day MA today. Closing back above it, and so has potential for a Stage 2 breakout attempt at 95, if it can first get back through its 200 day MA, which is currently at 89.11.
US Stocks Watchlist – 1 September 2022
There were 24 stocks for the US stocks watchlist today
ARRY, AEHR, AXSM, NBIX, RYTM, + 19 more...
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.