Jul. 10 at 6:05 AM
$ABCL
Biotech ETF Breakouts
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$GNOM
is the Global X Genomics & Biotechnology ETF. It tracks global companies specializing in gene editing, genomic sequencing, and genetic medicine.
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$IBB
is the iShares Biotechnology ETF. It is one of the oldest and largest funds tracking standard U.S. biotechnology companies.
These charts highlight a strong, highly coordinated technical breakout across the sector. Both funds are pushing past multi-year resistance levels following massive consolidation periods.
Imo,
$ABCL
is best positioned to take advantage of these industry-wide breakouts.