Biotech Sector Nears Breakout: Will it Outperform in Q2?

Key PointsThe iShares Biotechnology ETF (IBB) is consolidating in the upper range, suggesting a potential sector breakout.Despite modest YTD gains in the biotech sector, the recent consolidation has contracted further, hinting at energy buildup for a higher breakout.The sector ETF's key holdings are Amgen (AMGN), Vertex Pharmaceuticals (VRTX), and Gilead Sciences (GILD), which influence sector direction and momentum.5 stocks we like better than Gilead SciencesThe popular iShares Biotechnology ETF NASDAQ: IB ...