Mississauga, ON -- (SBWIRE) -- 07/20/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Organovo Holdings Rallies as Company Signs First Customer Orders for Kidney Tissue Early Access Program."
Companies mentioned in this article include iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) and Organovo Holdings Inc. (NYSEMKT:ONVO).
Biotechnology stocks rose strongly on Wednesday, leading many to question if a new rally may be on the way. The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) moved up by over 2% and was at last check above $276 per share. While the index is still in a downward trend, the slope of the decline has decreased dramatically giving bulls some optimism of a turnaround on the horizon.
With IBB up more than 2% on the day and above a key resistance level, technically the ETF looks like a near term rally may be in the works.
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