Biotech On the Move

We saw significant movement over in the equities markets, and some substantial moves in the biotech sector. Genesis Healthcare Inc moved over 18% lower, with most of the movement occurring during the first two hours of the session. On the positive end of the spectrum, Momenta Pharmaceuticals Inc was up over 7%, trending higher throughout most of the session. In the biotechs classroom, I identified four signals for the symbols EXAS, BLUE, CERS, and IQV. Here’s what happened.