That same moving average crossover happened in $
IBB last September as well, BUT the 10 - week MA fell back below the 40 - week MA (until two weeks ago).
Not exact matches
The sharp outperformance of value stocks to growth stocks:
IBB is down 18 percent in the
last 6 weeks while IBM is up 6 percent.
At the opening bell of
last Friday's session, we sold our position in iShares Nasdaq Biotech ($
IBB) for a modest gain.
First, let's take a look at the longer - term weekly chart, which shows that $
IBB just broke out above a valid base of consolidation
last week:
About five years ago, iShares NASDAQ Biotechnology ETF ($
IBB) kicked off a massive uptrend that
lasted 3 1/2 years and led to a 400 % gain.
Last Thursday, September 6, we sold
IBB for a 7 - point gain when it hit our original price target of $ 140.80.
end of
last week, there were stories everywhere that
IBB had passed on in Germany where he went to seek medical treatment.
IBB, General Ibrahim Babangida, Nigeria's first (and
last) military president, is fairly adjudged the very quintessence of military rot.
Ramadan:
IBB seeks Prayers to surmount National challenges I join all to congratulate Muslims in Nigeria and across the world for seeing yet another Ramadan month, it brings to note the transient nature of the world with the realization that some people we observed the month with
last year and many years back are no longer there this year, so we have this and many more reasons to thank Allah swt for his mercy to be alive to witness this holy month.
Indeed, with the possible exception of Dr. Nnamdi Azikiwe, Nigeria's first and
last ceremonial president, perhaps no Nigerian leader, living or dead, boasts the
IBB charm!
It would be recalled that the duo of Obj and
IBB had a public spat
last year after Babangida criticized Obasanjo's government as a failure in an interview to celebrate his 70th birthday.