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Tread carefully if you’re buying biotech stocks, traders say as group nears all-time highs

johnNjohnN
edited May 2020 in The Bullpen
https://www.cnbc.com/2020/05/21/coronavirus-stock-market-careful-buying-biotech-stocks-traders-say.html

Tread carefully if you’re buying biotech stocks, traders say as group nears all-time highs
PUBLISHED THU, MAY 21 20207:24 AM EDT

Biotech stocks surge. Traders share their strategies for the group
Biotechnology stocks are getting a boost.

The iShares Nasdaq Biotechnology ETF (IBB), which tracks the group, rose 2% on Wednesday on a strong day for the broader stock market. Investors have been watching the space closely following Moderna’s announcement on Monday that it was seeing positive results in an early-stage coronavirus vaccine trial.
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