Biotech stocks are set up to rally double-digits back to all-time highs, chart suggests $IBB (via TradingNation)
That's according to Matt Maley, chief market strategist at Miller Tabak, whose chart analysis shows the"In October, ... it broke above its summer highs and saw this really nice rally into early December.
A move to the IBB's 2015 record of $133.60 a share represents a more than 10% gain from where it was trading early on Friday, around $121.40.
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