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Biotech sector now officially in correction mode; down 14% since July 20

Aug. 21, 2015 9:41 AM ETiShares Biotechnology ETF (IBB)IBBBy: Douglas W. House, SA News Editor11 Comments
  • Stating the obvious, biotechs (IBB -1%) are now officially in a correction phase. Valuations have dropped 14% since July 20 on high volume.
  • Long investors should keep their powder dry until at least a firm level of support forms.

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