In mid June of this year, we pointed out some activity that appeared interesting from the longer term chart patterns of some healthcare/pharma stocks. One of the stellar performers since then has been Abbvie (ABBV), a pharma company which produces Humira, a top selling anti inflammatory treatment among other high profile drug therapies. After breaking … Continue reading Healthcare/Pharma Activity
ABBV
Healthcare Stealth Advance
We all know that the equity markets have been steadily climbing since the US elections last November. There have been some dramatic pullbacks, but the unmistakable trend has been for higher prices. As we know, markets are not monolithic and within the aggregate market moves, there have been winners and losers. Energy has been the … Continue reading Healthcare Stealth Advance
Pharma ABBV
While not appearing in headlines every day in the financial press, big pharmaceutical and healthcare stocks have been advancing, if unevenly along with the general buoyancy of the overall markets. The chart of Eli Lilly shown below is an example of the building bullish patterns on many of the classic big pharma stocks including Merck, … Continue reading Pharma ABBV
TC-TECHNICALS 