SEE MORE: Clinton Delivers Poison Pill To Biotech ETFs
Active traders looking to bet against biotech stocks have options, including the Direxion Daily S&P Biotech Bear Shares (NYSEArca: LABD) takes the -3x or -300% daily performance of the biotech sector, ProShares UltraPro Short NASDAQ Biotechnology (NasdaqGM: ZBIO) tracks the -3x or -300% daily performance of the Nasdaq Biotechnology Index and ProShares Ultrashort Nasdaq Biotechnology (NasdaqGM: BIS) tracks the -2x or -200% daily performance of the biotech space.
“The long-term chart below suggests that despite the patient being out of intensive care, it still needs to be monitored. The good news is that the momentum to the downside seems to have stalled and is leveling. The RSI is holding near the mid line while the MACD is leveling into the zero line. Stabilizing,” adds Investing.com.
For more information on the biotech sector, visit our biotechnology category.
iShares Nasdaq Biotechnology ETF