RE:RE:RE:RE:RE:RE:out for nowIBB sits below 50 days; and certain tells me that IBB will drop... means investors aren't bullish about IBB, which translates to bearish about CXRX.
If IBB changes it's descending pattern to ascending, investors will become bullish about CXRX.
That's called extremity... Same thing is happening to UVXY (volatiliy); SPY is barely up, but UVXY is significantly down for the last couple days,