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Basing

Posted by StockBuz on May 29, 2011 at 8:41pm
The biotech ETF, IBB, is flagging or taking a rest b4 heading higher. The question is *when*. Basic thought is that the longer the consolidation, the higher the implied move. One could take a position near support with a stop beneath, or merely set an alert for $110.25ish

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Tags: biotechnology, ibb
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