From Mundane to Momo, Pharma Has Karma
- Posted by UpsideTrader
- on December 30th, 2011
Something big has been going on in Big Pharma . The sector is no longer boring and the group is blowing higher out of multi-year down trends. Most pay a sweet dividend. Keep them on your radar for 2012, especially if things get ugly in the general market. You may want to wait for pullbacks to enter.
$BMY has broken out of a four year base on volume. Yields about 4%
$MRK also breaking out of a four year base and downtrend line on volume. Yields about 4.5%
$ABT also is breaking out of a four base and downtrend line. My subscribers own this one. Looks much higher. Yields about 3.5%.
$PFE has also exploded out of a four year base and downtrend. Yields about 3.7%
$LLY is going too. Yields about 4.7%
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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus