SGMO, Biotech Sector, Breathe Sigh of Relief

SGMO-- After Trump's speech about drug pricing, which did not reveal anything new, the entire sector appears to be breathing a sigh of relief, including SGMO, which bounced from 14.75 to 15.40 after POTUS finished speaking. Once again, we find the stock pushing up against important nearest term resistance at 15.30/90, which needs to be hurdled and sustained to trigger initial signals that the entire correction off of the March high at 27.60 ended at the 14.10 low on 5/08.

5 11 18 SGMO 245 GIF
5 11 18 SGMO 245 GIF

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