iShares Nasdaq Biotechnology (IBB)
The biotechnology index formed a bottoming tail in yesterday's session as a result I would be expecting a bounce to the 13 sma as a first target, as a second target I'll be watching 244.76.
Stocks to watch in the bio-tech sector :
CytRx Corporation (CYTR)
In case we had a strong bounce I am expecting a test of the 4$ level. ( I already have a postion)
Idera Pharmaceuticals, Inc. (IDRA)
In case we had a strong bounce I am expecting a test of the 3.75$ level. ( I already have a postion)
La Jolla Pharmaceutical Co. (LJPC) : the price made a doji in yesterday's session, now I would be looking for a bounce to 11.90.