Tuesday, August 26, 2014

8-26-14: Daily Biotech Small & Micro Cap Update

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The Ophir Gottlieb Small Cap Biotech Index
Is this the biotech revolution or the biotech bust?

Why go down when it feels so good to go up?  Small cap bio-techs continue to rally from their lows, up ~15% in a matter of weeks.  Today, again, the vast majority (17 out of 20) of the largest absolute movers were up on the day, and no stock saw a down move in the double digits.

As #MOMO builds, so does risk.  As risk builds, so do abrupt trading days and cycles.  Regardless of VIX or the Fed's monetary policy, this is not a risk free environment... and risk is growing.

Notable Stock Movers

Unusually Heavy Option Volume
KYTH:2283% of daily average
CPRX:1025% of daily average
ITMN:634% of daily average

231 small / micro cap biotech and pharma companies (equal weighted):
  • Public Biotech and Pharma Companies
  • Trade on North American Exchanges
  • Market Cap Range: [$0, $2 Billion]
  • Price, Employees, Revenue Range: Any

More on index construction and performance: The Ophir Gottlieb Small Cap Biotech Index

Today's Biotech Index Stock Movers

Today's Biotech Index Unusual Option Volume

Full Index Constituents and Moves

This is trade analysis, not a recommendation.

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