Stock Picks – iShares Nasdaq Biotechnology Index Fund-IBB

by Sam Collins | February 26, 2010 1:44 am

iShares Nasdaq Biotechnology Index Fund (IBB[1]) – The goal of this exchange-traded fund (ETF) is to provide investment results that correspond generally to the price-and-yield performance of the Nasdaq Biotechnology Index (NBI[2]).

IBB Chart

Chart Legend

In short, biotech stocks have broken out from a type of triple-top on a broad accumulation.

This breakout represents a 17-month high with an eventual target of $95 to $100.

The stochastic and other internal indicators are overbought, and investors may want to wait to buy IBB on a pullback to $85, but the course is clear, and that is definitely up.

Related Articles:

5 Ways to Tell a Stock is Headed Up[3]
A Health Care Stock That’s Good for You[4]
The 5 Cheapest Options Strategies[5]

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Links in this item:

IBB: http://studio-5.financialcontent.com/investplace/quote?Symbol=ibb
NBI: http://studio-5.financialcontent.com/investplace/quote?Symbol=nbi
5 Ways to Tell a Stock is Headed Up: http://www.optionszone.com/trading-ideas/gallery/bullish-chart-patterns.html
A Health Care Stock That’s Good for You: http://www.optionszone.com/trading-picks/trade-of-the-day/2010/03/stock-picks-health-management-associates-inc-hma.html
The 5 Cheapest Options Strategies: http://www.optionszone.com/broker-center/gallery/commission-costs-cheapest-options-strategies.html
Start now.: http://www.optionszone.com/order/?sid=FA3222

Source URL: http://www.investorplace.com/2010/02/stock-picks-ishares-nasdaq-biotechnology-index-fund-ibb/
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