Friday, April 20, 2007

Biotechs on the Move?


PBE - the PowerShares Biotech ETF - there is a lot to like about PowerShares etfs, and i'd like to focus on the biotech one - symbol PBE. We are attacking long term resistance levels in the mid 19's, so if she can sustain a move through this area, she might be off to the races. Message here? Expand your thinking beyond the commodity plays and overseas markets, and consider a biotech in your portfolio.


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