ETFS S&P Biotech has been an overweight portfolio allocation and either taking profit now or sticking with the position, whilst the price action remains above the 10-day average, will provide a positive outcome.
The added buying interest in the US biotech sector following the recent announcement from Biogen is helping propel the CURE ETF.
![](https://d2cbr21qzf932u.cloudfront.net/wp-content/uploads/2021/06/CURE-1-1024x486.png)