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

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

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

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


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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.



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



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



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



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



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



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



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.



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

texas instruments


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.


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


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