$BEAM: Biotech trade for momentum

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Updated: 27 February 2020

$BEAM (Beam Therapeutics Inc) is a new company that technically stars to become attractive. We had a decent reaction to 22.50 area and currently setting up for a breakout of 25.25. We do see relative strength in the biotech sector XBI and hopefully with the support of the market bounce soon we might have a great entry for a move past $30 mark.

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