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Stock Market & Financial Investment News

News Breaks
March 7, 2014
12:10 EDTIBBishares Nasdaq Biotechnology Index heading for support test
A level to watch next week is the 30-day moving average. This has been a proxy for a hand-drawn uptrend line that is less noisy and therefore more close-fitting than the 10-day. The 30-day was last at $255.69. The 30-day hasn't been broken on the downside, for very long anyway, within the prior year. How price behaves at this test is therefore more important given the number of times it has held or preceded a consolidation (sideways) phase that then leads to greater highs.
News For IBB From The Last 14 Days
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August 27, 2015
10:56 EDTIBBiShares Nasdaq Biotechnology Index trades near resistance
There has been a broad recovery in the underlying, but price has stopped short of testing the top of the bearish price channel. The 10-day moving average is a reasonable proxy for the channel line and was last at $350.12. Support is at $346.22.
August 24, 2015
09:29 EDTIBBiShares Nasdaq Biotechnology Index breaks down in pre-market
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