Biotech Stocks Set to Surge
Turnaround Close At Hand – Buy Biotech
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November – December 2018
Biotech are surging breaking a 6 month downward spiral . Time to Buy Biotech !
As a well-researched investor, you may have noticed by now that biotech stocks have taken off over the last 5 years but have been in a correction stage over the past 6 months
Even with the biotech market cooling off in 2016 – 2017, biotech stocks have still outperformed the S&P 500 by 250% over the last decade… and in the process, a few savvy investors have gained enormous sums of wealth.
This chart depicts the NASDAQ Biotech Index hitting a double bottom and bouncing nicely . Biotechs have turned the corner and now its time to buy
NASDAQ IBB Index – 1 Year Chart
But just because the biotechnology industry has been one of the best-performing baskets of stocks on the market in the past doesn’t mean the rally will last forever.
Industry analysts are currently split down the middle in regards to the sector’s performance in the upcoming months. Some are predicting a stellar trading season, while others are warning of an imminent market crash.
Of course, none of these analysts actually know what’s going to happen, but one thing is for certain:
The reality for biotech investors is that out of 355 biotech stocks currently trading on the NASDAQ and NYSE, only 42 have recorded a profit in the last 12 months . It’s time to stop speculating and start investing