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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
My blog:
  • Risk Reversal: Bargain Hunting And FOMC Catalyst Perks Up Biotech Stocks 0 comments
    Apr 9, 2014 6:01 PM | about stocks: BIIB, REGN, XBI

    Broad Biotech Rally Starts Early- Builds Head of Steam-IBB Up 4.1%

    Intermediate Support Looks Good- Bull Market Test

    With the sector down 15-20 % off 2014 highs and many life science stocks barely up YTD , investors decided to jump back into what was the hottest game in town. The healthcare sector overall was up 2%, leading the market although social media and technology were also strong. Many well known large cap names soared: Alexion (NASDAQ:ALXN), Alkermes (NASDAQ:ALKS), Biogen Idec (NASDAQ:BIIB), Celegene (NASDAQ:CELG), Pharmacyclics (NASDAQ:PCYC) , and Regeneron (NASDAQ:REGN).

    Investment Summary

    • Review Rayno Biopharmaceutical picks . All are holds.
    • Large Caps should lead as they did today.
    • Q1 Earnings will provide better clarity on large cap growth.
    • Support for sector reset is now early January levels.

    (click to enlarge)

    Disclosure: I am long CLVS, GILD.

    Additional disclosure: I have covered many shorts as hedges. I am long Fidelity Select Biotech Fund.

    Stocks: BIIB, REGN, XBI
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