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Post by selluwud on Aug 24, 2016 19:35:34 GMT
Mylan's price increase on the epipen has caused a stir.
"2:49 pm Biotech (XBI -2.3%, IBB -2%) stocks under pressure on renewed scrutiny over drug price increases from Democratic Presidential nominee Hillary Clinton; Mylan's (MYL) EpiPens are the culrpit (IBB)"
biotechs are under siege, watch your holdings. What they don't tell you is that the medicare co-pay allowance was lowered which is partly to blame for rising cost.
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Post by jckrdu on Aug 24, 2016 20:51:04 GMT
Mylan's price increase on the epipen has caused a stir. "2:49 pm Biotech (XBI -2.3%, IBB -2%) stocks under pressure on renewed scrutiny over drug price increases from Democratic Presidential nominee Hillary Clinton; Mylan's (MYL) EpiPens are the culrpit (IBB)" biotechs are under siege, watch your holdings. What they don't tell you is that the medicare co-pay allowance was lowered which is partly to blame for rising cost. Good sign that the IBB held 285 today. That level was resistance for a long time, and is currently support (easier to see it on the 1 year chart).
If 285 doesn't hold tomorrow, IBB will head much lower.
I'm hoping today's test and bounce off of 285 is a good sign that 285 will hold.
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