https://rightsideofthechart.com/labd-price-target-hit-for-18-profit/ Stock Trading, Investing & Market Analysis Tue, 27 Mar 2018 20:21:30 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/labd-price-target-hit-for-18-profit/#comment-4254 Tue, 27 Mar 2018 20:21:30 +0000 https://rightsideofthechart.com/?p=186332#comment-4254 The daily chart of XBI looks ugly, with a nice downtrend going since the recent highs on Mar 13. Since then, XBI lost 10.9%, while LABD gained 37%.
XBI is now under the 100 DMA, with the 200DMA at 84.5 (3.2% lower) acting like a magnet. I would expect a short lived bounce from there.

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