In the biotechnology sector, NKTR is a momentum long idea for hot action traders. Note the strong buy volume accompanying the price bull flag breakout on the daily. On the weekly chart, second below, you can see that the stock is threatening a major, long-term breakout from a well-defined point of reference at $11.30.
A short idea is GILD, a large cap biotech. Here we have a great, leading stock that has suffered some damage of late. Its 50-day moving average is now declining, and the stock has bounced up to a level where you would expect some overhead supply to hit. I would look for a short entry on weakness.
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