Not Bad For A Nice Summer Day In August

We saw some strong moves in many biotech and healthcare stocks today. There were over 40 stocks posting earnings before or after market on Thursday in the healthcare sector, and some of those had strong movements today. On of these was Insmed (INSM), which had a very volatile day where it traded an over $5 per share range. Since this is a stock costing less than $31 per share, that was a massive range. The classroom could not get a great entry into that movement, however, since the risk levels for consistently too high, but we were able to get some very solid signals in MYL, INCY, PGNX, and GBT. Here’s a recap of the action.