PSAR says buy if $1.20 is cracked. (Good call BC!). Nice bounce off $1.00 on very oversold levels outside bollinger bands. Barring another tanking of US indexes, buy signals should start firing soon.
Only 2 of the last 5 of the moves from PSAR (since the sky-rocket) have accurately predicted an upswing though, the rest have misfired on a sideways and down.
Mind you MACD, OBV and RSI also looking good.
Ive been trying to get to the bottom of what has caused the Biotec correction in the first place--I think the biggest cause of the revaluation
is the fear that Obamacare will put a cap on some of the healthcare sector prices.
Apparently a large company Gilead sciences created a new hepatitis c drug that was good but perceived to be ridiculously overpriced so the Gov. decided to investigate which on top of the basic fear about Obamacare started the slide.
Your article supports the Obamacare thing although as you say ,it may be good for PEB as a company (as long as it doesnt spook the market in general to much)
Yeah that's an interesting point skid.
Ideally I'd like to see a flow of investment money from those that will struggle to those that might prosper within the new framework.
And of course theres the Janet Yellen factor--I saw an article showing how the Dow went up and down in response to each sentence she said in her address-Sheesh! Could be painful if she has a bad hair day!
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