BIVV – Bioverativ – Daily Chart

Biotech stocks were on the move this week with many breaking out or near buy points. Here’s BIVV, a spinoff of Biogen Inc. (BIIB) and blood disorder treatment developer.

On the chart we see Bioverativ trading at new all time highs after a cup and handle breakout five weeks ago. BIVV is a recent IPO having gone public in early January 2017

Here’s the daily chart for the new biotech stock:

See our biotech industry group charts here for more analysis