5 Monster Biotech Breakouts, Plus Intel, Texas Instruments, and Amazon

5 Monster Biotech Breakouts, Plus Intel, Texas Instruments, and Amazon

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5 Monster Biotech Breakouts, Plus Intel, Texas Instruments, and Amazon

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF CELG

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A bit of bore today with the S&P 500 going nowhere. Fine by me, as we can use a couple of days of consolidation.  Again, the bullish narrative for stocks remains unchanged.

spx

Biotech

Biotech IBB ETF is getting closer to that breakout, inching closer to $120.

biotech

Celgene

Celgene is continuing its road to recovering and is once again tracking towards $97. That RSI continue to trend nicely higher as well.

celg

Gilead

Gilead had a setback, but stopped falling at support around $72.50. Now it likely makes its second attempt at rising to $82.50.

gilead

Regeneron

Regeneron is making its second attempt at breaking out and rising above $393.50. It may be on its way to $430.

regeneron

Nektar

Nektar looks to be on its way to $70. Maybe $83 and a gap fill? Let’s see if it get to $70 first.

nektar

Incyte

Incyte looks like it close to break out, that could send it back to $80.

incy

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Intel

Intel is working hard trying to break out, but I think it may be too soon to say shares have. I think it needs to clear $51 before it is out of the woods.

intel

TI

Texas Instruments does look rather strong here. A push to $121 appears to be on the way.

texas instruments

Amazon

Amazon is still struggling at the upper end of the trading wedge. Still not out of the danger zone yet. Look at that RSI though, lower highs,  bearish divergence? Perhaps.

amazon

Sorry it was so technical analysis heavy today, but way to hot here in NY and I’m feeling a bit lazy today.

-Mike

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Michael Kramer is the Founder of Mott Capital and the creator of Reading the Markets.

I started learning to invest when I was 16 years old. At 40, I have pieced together a long career on Wall Street, working as an analyst, and a domestic and international equity trader at two multi-billion dollar equity firms.

I started Mott Capital in 2014 to follow a passion and dream of being in control of my career path.

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Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.

#biotech #celgene #sp500 #nektar #regeneron #intel #ti #amazon #gilead

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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.