Biotech Breaks Above 200-Day Moving Average - Bullish for BBH

In trading on Wednesday, shares of the Biotech ETF ( BBH) crossed above their 200 day moving average of $107.87, changing hands as high as $116.42 per share. Biotech shares are currently trading up about 5.3% on the day. The chart below shows the one year performance of BBH shares, versus its 200 day moving average:

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Biotech 200 Day Moving Average Chart

Looking at the chart above, BBH's low point in its 52 week range is $93.10 per share, with $119.76 as the 52 week high point — that compares with a last trade of $110.71.

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