Michael Ashbaugh

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Feb. 19, 2021, 12:04 p.m. EST

Charting successful technical tests, U.S. benchmarks nail first support

Focus: Biotech sector pulls in toward key support, Charting Apple’s bull-bear debate, XBI, AAPL, STX, GOOS, WMT

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Friday, rising amid optimism over stimulus-package prospects.

Against this backdrop, each big three U.S. benchmark has registered a bullish reversal from well-defined support. The S&P 500 has nailed its range bottom (3,885) while the Nasdaq Composite and Dow industrials have rallied from their breakout points.

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