Traders looking to be short IBB can wait for the ETF to fall to the $225 area as one technical analyst noted or wait for a rally to stall out in the $240 to $250 area as Wagner highlights. [Biotech ETF Honors Uptrend]
“If/when $IBB bounces off the lows, a three to four week bounce to the $240 – $250 area would be ideal, and where we would look for a low-risk short entry to emerge,” said Wagner.
iShares Nasdaq Biotechnology ETF
