Indication intelligence, analysis and sector perception

RegMed Investors’ (RMi) closing bell analysis: the sector sheds its upside

March 21, 2017 5:25pm

While sentiment exhibited a barnyard smell

Charting the sector’s support and resistance raises a red flag

… The NASDAQ tumbled 107.70 points, or 1.83%

… The iShares NASDAQ biotechnology ETF (IBB) traded down -2.03%

… Pre-open indications: 3 hits and 2 miss

… Regenxbio (RGNX) proposes offering for $75 M as RGNX drops $2.00 or -8.23% to $22.10 and another -$1.10 or -4.98% in the aftermarket

The sector is poised to retrace and then “trip” sideways

The sector is what it is, until it isn’t and even then it doesn’t seem to be…!

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My name is Henry McCusker; I endorse these opinions under my own name and with a subscription based membership.

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Editor and Publisher ... Henry McCusker enters his tenth (10th) year at RegMed Investors with past experience in sell-side analysis, buy-side management, corporate management and due diligence.

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The facts stated and the opinions given in this publication are based on data and information considered to be reliable and have been carefully worked into my qualitative analyses and prognoses. However, no guarantee can be given as to their fairness, accuracy or completeness.

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