If you trade Biotech stocks, you know that they’re a volatile bunch. Below is a screen we can run on any number of sectors, indices or portfolios, and today we have run it on the 30 largest stocks in the Nasdaq Biotech index. For each stock in the screen, you can quickly see its recent directional trend within its own “trading range”, which helps you identify inflection points and extremes. To learn how to read the screen, check out the description box at the bottom below the last stock shown. In general, though, the dot for each stock represents where it’s currently trading within its range, while the tail end represents where it was trading one week ago. The green shading represents oversold territory, while the red shading represents overbought territory.
Along with the trading range screen for each stock, we also highlight its year-to-date % change, its current distance from its 50-day moving average, and its one-month change in short interest. Each of these readings help readers gain perspective when analyzing recent moves.
Have a look at the screen below, and if you have any questions or would like to learn how you can run the screen on your own portfolio, you can reach us by filling out a contact form at the bottom of our About page.