In a world of aging populations, the biotechs offer a promise of improving our quality of life. For the last year, biotechs have moved convincingly lower. However, there always seem to be some that have their own inertia. Below are three charts of optimism in the biotech space currently. Using the SCTR, it can guide us to stocks with some of the best price action.
The top SCTR ranking is Galena Biopharma (GALE). After a two-year downtrend, the stock is finally starting to make new 52 week highs. Some serious volume entered the stock 3 weeks ago, and the momentum is positive for the stock.
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