Healthcare sector great day
December 3, 2014 MarcoTrade 5,278
Healthcare stocks had a fantastic day, mostly following Biogen (BIIB) announcement that its Alzheimer drug will be pushed into late stage testing given the great results of early trials. BIIB finished up 6.4% to $328.27. Celgene (CELG) was up $1.77, Alexion Pharmaceutical (ALXN) up $8.28, the XLV is at a 52-week high.
The bullish trend in the healthcare sector is very intact and the prospects are fantastic. Plenty of new 52-week highs on a regular basis. The XLV chart looks amazing as well. All conditions seem to be in place for more gains to come. This should continue to be a very profitable trade to ride.
Categories: Market Direction