ITCI potential breakout trade

ITCI is a biotech setting up for a potential breakout at the $60 level. The biotech sector is showing market-leading strength off the lows with many stocks in this group at or making new highs.

Relative strength ranks 97/100 and the company has seen triple-digit sales growth in each of the last four quarters.

Look for a breakout above the $60 mark on above-average volume to to buy on the breakout.