biotech baker stocks

Biotech Stocks Continue To Rip Higher, Plus A Look At The Baker Bros. Holdings

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.

Otherwise, enjoy the column!

Subscribe to the Monster Stock Market Commentary to get the Daily Monster Market Commentary and join the 2,936 subscribers getting it for FREE!

[widget id=”wordads_sidebar_widget-41″]

Biotech Stocks Continue To Rip Higher As Breakout Nears

What a big difference a few days can make, right? It was just Tuesday when everyone was trying to figure why Biotech stocks were tanking.  Today you have the NASDAQ Biotech ETF IBB ($IBB) nearing a breakout, which could send the shares surging higher to about to $122, a rise of 9 percent. What gives?

Join our 2,936 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe

 [vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”] [widget id=”text-11″] 

[widget id=”text-14″]

What gives is that Monday’s episode, as I wrote, was a pullback nothing more, nothing less. It was just enough to remind everybody that the group can get wild at times. The ETF continues to grind higher, and I think it is approaching a breakout. Should the ETF rise above $114 it should get us there.

biotech stocks

The table below I find super interesting because it is the past one-year performance for the ETF holdings. The returns of Nektar ($NKTR) and Sage ($SAGE) are pretty impressive. But I want to pay attention to the bottom five stocks. Do you notice anything they all have in common?

biotech stocks

[widget id=”text-12″]

Baker Stocks

Subscribe to the MCM Stock Market Commentary to get it Daily and join the 2,936 subscribers getting it for FREE!

Well, Incyte ($INCY), Seattle Genetics ($SGEN), and Alexion ($ALXN) are all Baker Brother, a large biotech Hedge Fund, holdings. But they are not any holdings within the portfolio, they are numbers 1,2, and 3 holdings, 4 is not on the list, but it is Acadia Pharmaceuticals ($ACAD), and 5 BioMarin ($BMRN). Look at the performance over the past year. They have been crushed by the IBB ETF, which is up 21 percent. Amazing.

IBB Chart

IBB data by YCharts

Does it mean anything? Probably not? Maybe just bad luck I guess? I to this point haven’t been able to find a correlation that would suggest otherwise.

Seattle Genetics

Seattle Genetics appears to be trying to form an uptrend, while holdings support around $51.50. The stock has developed what seems to a bullish symmetrical triangle.

seattle geneticsAcadia

Acadia shares have been range-bound for what feels like years; one can see a triangle has formed, which could be viewed as a bullish signal.



Incyte shares are desperately trying to form a bottom at $93. A break below $93 pushes it lower towards $80.



Alexion, like Acadia and Seattle Genetics, is also in the middle of a bullish symmetrical triangle as well.



Meanwhile, shares of BioMarin have gone nowhere, and look like they may continue to be range bound.


Until Tomorrow!

[widget id=”text-13″]

Is Roku Rocketing Too High?

Michael Kramer, author at Seeking Alpha, discusses Roku’s $4.3 billion valuation and why he believes that stock is bloated.

Sign-up for our premium content on Seeking Alpha Market Place – “Reading The Markets”  and a get Two Week Free Trial Period

Premium Content: Benefits include the ability to reach out to Mike with questions through a chat room, direct message, or comments. 

Now JUST $25 Per Month Or $200 Per Year

Inflation, Tesla Plus So Much More

Predicting The Euro’s Rise

An Intelligent Way Of Looking At Tesla’s Results

3 Biotech Names To Start The Year

Disney- The Market Finally Get’s It


Free Articles Written By Mike:

Apple Poised to Gain 14%, Defying Skeptics

Gold May Jump Over 20% As Investors Eye Inflation

Roku’s Decline May Be Far From Over As Volatility Surges

Why Under Armour’s Plunge Has Only Begun

Why The FAANGs’ Big Gains May Be Far From Over

Nvidia’s Breakout May Spur A Nearly 15% Gain

How Celgene’s Big Acquisition Could Fire Up Its Stock

Why the Bears Won’t Win at Tesla

Nvidia’s Stock Faces Its Moment of Truth

Why AMD May Rise 17% Higher On Intel’s Woes

Why These 3 Oil Stocks Will Outperform

Why NXP Shareholders Will Prosper Without a Qualcomm Deal

Netflix Breakout Seen Boosting Stock By 17%

We offer daily market commentaries sent directly to your inbox or follow us on Twitter.

Join our 2,936 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe


[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]

Photo Credit Via Flickr

Michael Kramer and the Clients of Mott Capital own shares of ACAD

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.

© 2017 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Tags: #biotech #alexion #acadia #seattle #genetics #nektar #sage #incyte