Investors Should Take a Look at the Beaten Down Biotech ETFs

ETF Trends

Biotechnology sector-related exchange traded funds are on a four-day streak and gaining momentum, breaking above their short-term trend lines. On Friday, SPDR S&P Biotech ETF (NYSEArca: XBI) rose 2.9% while the iShares Nasdaq Biotechnology ETF (IBB), the largest biotech-related ETF by assets, gained 1.8%. Both biotech-related ETFs also broke back above their short-term resistance at […]

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