Power Plays New Idea: XBI
October 16, 2024
By Scott Redler
Name: SPDR S&P Biotech ETF
Ticker: XBI
Price: $100.01
Needs to Hold: $92 to $97
Price Objective 1: N/A
Price Objective 2: $107 to $112
I believe there can be a Q4 rotation into biotech, so I'm adding XBI to Power Plays here.
It's often tricky to trade, but if it can clear $100.50 and then $103.50, it could see the $107 to $112 area or even higher.
-Scott
Scott Redler Positions Disclosure as of 2024-10-16 at 11.08.10 AM