iShares Nasdaq Biotechnology Index: Pivot points The following are the pivot points for iShares Nasdaq Biotechnology Index (IBB). Pivot High: $237.080, Pivot Low: $230.320. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
iShares 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.