The 
XBI managed to close the week at the highs despite the overall weakness displayed by most sectors on Friday. The relative strength of this sector compared to the others on a down day makes us more bullish moving forward. In case the overall market does not fall apart and continues to rebuild in the following period, we expect the XBI to outperform given the fact that it has been one of the most oversold sectors in the past 9 months.
XBI managed to close the week at the highs despite the overall weakness displayed by most sectors on Friday. The relative strength of this sector compared to the others on a down day makes us more bullish moving forward. In case the overall market does not fall apart and continues to rebuild in the following period, we expect the XBI to outperform given the fact that it has been one of the most oversold sectors in the past 9 months. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.