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