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BIO Sector Rallied up to Resistance

IBB has had a 100-point drop this year from 331 and had a low of 240, which is a 91-point swing. BIOTECH has been the leader. BIIB dropped as well off the highs of 301 to 242, moved up on 2/18/2016 to a high of 266, and then reversed to the 255 area, as the 10 and 20 moving averages are resistance. REGN at 532 dropped to 350, which rallied up to 405 with 380, is the support level. ICPT had a high at 152 and then to a low 81 points. INCY, ALXN, UTHR, ILMN, ALNY, AGIO, all have had a downtrend and we are looking at shorting the resistance areas.

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