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ETF Chart of the Day: Biotech Sector
A traditionally higher beta sector to the overall market is that of Biotechnology, and last week we witnessed very heavy trading activity in the giant in terms of assets under management in this sector, ...
Read more...Bullish Two Hundred Day Moving Average Cross - IFF
In trading on Monday, shares of International Flavors & Fragrances Inc. (NYSE: IFF) crossed above their 200 day moving average of $56.61, changing hands as high as $57.25 per share. International Flavors & Fragrances Inc. shares are currently trading up about 3% on the day. The chart below shows the one year performance of IFF ...
Read more...EUR/GBP Trading in a Rising Corrective Channel
The EUR/GBP continues a corrective rally after finding support above 0.7950. The 1H chart shows the market establishing bullish momentum and trading in a rising channel. Entering the 5/21-5/25 trading week, the EUR/GBP rally has stalled below 0.81, which was the level the market started the 5/7 trading week before falling.
Read more...Chart of the Day: London Whale trading
CDX IG 9 may read more like a car registration plate but it is actually a credit default swap index offering protection on 121 leading US companies.
Read more...Energy XXI Bermuda Ltd Breaks Above 200-Day Moving Average - Bullish for EXXI
In trading on Monday, shares of Energy XXI Bermuda Ltd (NASD: EXXI) crossed above their 200 day moving average of $31.01, changing hands as high as $31.10 per share. Energy XXI Bermuda Ltd shares are currently trading up about 5.7% on the day. The chart below shows the one year performance of EXXI shares, versus ...
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