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Biotech Has Been Stalling. 3 Stocks That Could See Healthy Gains. - Barron's

1. The biotech sector is in a frustrating year of stalled rallies so far. 2. XBI ETF shows resistance in the $87 area, impacting investor sentiment. 3. Amgen has solid growth potential and a dividend yield above 3%. 4. Technical analysis indicates a potential breakout above $311.38 for Amgen. 5. Other biotechs are outperforming, with notable gains contrasting Amgen's performance.

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FAQ

Why Bullish?

Amgen's successful breakout above resistance levels suggests positive momentum. Historical examples of similar breakouts have often led to continued growth.

How important is it?

Positive technical signals and Amgen's resilience in the biotech sector can drive interest and investment, influencing stock price.

Why Short Term?

The upcoming quarterly performance results and sector dynamics are pivotal for immediate price changes, similar to past biopharma earnings spikes.

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