Tag: ASX:CURE

Global X S&P Biotech offers a great buying opportunity at $38.50

Global X S&P Biotech

Global X S&P Biotech

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CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.

ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.

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ETFS S&P Biotech has been an overweight portfolio allocation and either taking profit now or sticking with the position, whilst the price action remains above the 10-day average, will provide a positive outcome.

The added buying interest in the US biotech sector following the recent announcement from Biogen is helping propel the CURE ETF.

ETFS S&P Biotech is under Algo Engine buy conditions and was added to our “high conviction” model following the low formed at $52.

The ETF has since rallied 20% and the buying momentum among biotech stocks remains strong.

ETFS S&P Biotech rallied 10% from last week’s $52 low.

ETFS S&P Biotech is under Algo Engine buy conditions and is a current holding in our “ASX All ETF” model portfolio.

Watch for the short-term indicators to reverse higher as buying support begins to build near the $53 price level.