Biotechs Lead Markets Higher

Andy Wang submits:

The market rallied higher Tuesday, led by the biotechs. [[MYGN]] reported better-than-expected earnings and propelled its shares to an 8-year high, up +17%! [[OSIP]] shares jumped more than +16% on positive results on its cancer drug, Tarceva. [[BIIB]] was also among the solid gainers, adding +4.69%. After the market, [[LLY]] received an unanimous approval from the FDA on its blood thinner. LLY shares traded just +0.85% higher on top of the +3.81% gain during the regular session. [[ISRG]] went up +9.35% on further buyout rumors. Oil prices finally bounced and lent some support to the energy stocks: [[APA]] +2.64%; [[HES]] +3.16%; [[XOM]] +1.86%.

"Trading on good earnings after the reports" worked again (see my article published on Seeking Alpha)! In our Trading Room,

I talked about both ESI and APOL after I published this article:
HappyTrading January 29, 2009 7:32 AM
article last night
you can apply that to APOL/ESI

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